Kenya has made history as the first African country to host the Africa Energy Forum, which has previously taken place outside the continent. Kadri Nassiep – executive director of energy for the city of Cape Town, South Africa – discussed the importance of political will in enabling successful energy transitions. Chris Antonopoulos, CEO of Lekela Advisors, addressed the financing challenges in Africa's renewable energy sector. He emphasized the importance of government guarantees, long-term regulatory frameworks, and favorable off-taker requirements to secure financing for renewable energy projects. Overall, the discussions at the Africa Energy Forum underscored the potential for renewable energy development in Africa, the need for political will, and the importance of financeable projects and supportive regulatory frameworks to drive a sustainable energy transition.

Source: The North Africa Journal June 28, 2023 09:57 UTC