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Phillips Oduoza, United Bank for Africa Group MD and CEO

  • Jun 2, 2014
  • Comments Off on African countries face power sector competition
  • Energy
  • 705 Views
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As competition increases 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 month, 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 FDI 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 16th annual Africa Energy Forum, hosted with the support of the Ministry for Energy, Turkey, will take place in Istanbul on 18 to 20 June 2014.

The meeting will also host energy ministers from Mozambique, Tanzania, Kenya, Zambia, Cameron, with a final confirmation pending from the Nigerian Minister of Finance and the Minister of Mines and Energy, Cote d’Ivoire.

The Forum in remains a relevant and an important meeting for Africa, despite being held outside of the continent – it’s where the industry gathers to promote investment.

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.

Event dates:

Conference and Exhibition: 18 to 20 June 2014
Location: Hilton Istanbul Bomonti Hotel & Conference Center
Website: http://www.africa-energy-forum.com

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