Investment in Africa's power sectors of paramount importance

© carloscastilla – za.fotolia.com

With increasing competition among government stakeholders vying for investment into power sector projects across Africa, the most competitive countries will gather in Istanbul to promote stability and bankability. The need for countries to compete was highlighted at the World Economic Forum in Nigeria earlier this year, when questions were asked about the ability of some countries to attract foreign private sector investment.

In terms of investment generation for Africa, the power sector has traditionally been less attractive than elsewhere in the world. With large swathes of poor and crippling infrastructure, the market severely lacked bankability.

However, government representatives from South Africa, Mozambique, Kenya, Nigeria, Tanzania, Cameroon, Namibia, Ghana and Zambia are confirmed to showcase the transformations in investment policies and regulation with specific focus on foreign direct investment at the Africa Energy Forum. It is clear that for these nations, the credibility is there and that capturing investment is of paramount importance.

The event is organised by EnergyNet and is part of a global portfolio of investment meetings, conferences and infrastructure events focused specifically on power and industrial sectors across Africa.