First in, first out for Africa’s power market
Duvha power plant in South Africa. Institutions are funding projects earlier on to help them get going. (Eskom)
Project finance is an increasingly important source of funding for new power infrastructure in Africa, but stricter banking regulations are forcing development finance institutions (DFIs) and other lenders to become more creative and flexible in how they mobilise commercial funds.
"Innovation has to come into the market," Taiwo Adeniji, director of the Investments Group at Africa Finance Corp. (AFC), told delegates at the Southern Africa Energy & Infrastructure Summit in Maputo earlier this month.