Africa should unlock energy investment potential – expert

REGIONAL development is the key to unlocking Africa’s energy investment potential, says EnergyNet regional director for East and Southern Africa Veronica Bolton-Smith.

Ms Smith said the region had experienced many positive developments in recent years, both in energy and infrastructure development.

She said progress in governance, institution-building and democratic consolidation were contributing factors to the positive indicators that long-term investors seek. She said time was now to explore some of Southern Africa’s success stories, and how these could be replicated as the region had witnessed local private sector-led initiatives, and wider participation in existing projects.

The planned regional summit by EnergyNet would also hear from key stakeholders participating in the Moatize/Nacala railway project, which would be between Mozambique and other countries, an infrastructure project set to redefine Southern Africa and its investment potential.

EnergyNet has organized a Southern Africa energy and infrastructure summit (SAEIS) to be held in Mozambique next month, to bring together countries from the SADC region to discuss infrastructure and energy projects which required investment.

“It is with this in mind that EnergyNet is delighted to launch the ground-breaking Southern Africa energy and infrastructure summit, which will bring together countries from the SADC region and beyond in Maputo, Mozambique, to celebrate regional co-operation and promote energy and infrastructure projects that require both private and public sector support to succeed,” she said.

Categorized | Business

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