AfDB unveils the ERI to promote competitivity in the electricity sector in Africa

Economic governance
Friday, 22 June 2018 18:07
AfDB unveils the ERI to promote competitivity in the electricity sector in Africa

(Togo First) - On June 20, 2018, AfDB unveiled the first index for the Electricity Regulatory Index in Mauritius. Amadou Hott, the vice-president in charge of the AfDB power, energy, climate change and green growth development revealed that this should prompt actors of the electricity sector in Africa to address the issues mentioned in the report.

The pan African institution reveals that the Index should help monitor the progress of the African countries as far as the energy sector’s regulations are concerned and compare them to the international standards and best practices. It will also help measure the impact of those regulations on the performance of countries involved and identify the priority improvements needed.  

According to Wale Shonibare, the Bank’s Director, Energy Financial Solutions, Policy and Regulation Department, “Significant progress has been made in each of the areas covered by the study. However, more efforts are required to facilitate the type of environment in which private sector actors would feel comfortable investing”.

The initiative should encourage the 15 countries covered in the study, Togo included, to comfort “key stakeholders in the African power sector to address regulatory performance and the gaps identified in the study”.

Séna Akoda

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