The Africa Energy Forum: a Gulf-Africa Energy Partnership Still Going Strong?

The Africa Energy Forum (AEF), the continent’s longest-running investor gathering, founded in 1999, held its latest edition in Cape Town from 16 to 19 June. The event had originally been scheduled to take place in Dubai before being relocated due to the conflict in the Middle East. On the sidelines, Infinity Power, a joint venture between Emirati firm Masdar and Egyptian group Infinity Energy, announced three deals covering South Africa and Egypt. Their structure sheds light on the diversity of actors financing and building Africa’s energy future. A question of risk appetite The continent requires an estimated 190 billion dollars in annual energy investment between 2026 and 2030 to meet its climate and energy targets, with two thirds earmarked for clean energy, according to the International Energy Agency. And yet Africa holds close to 39% of the world’s renewable potential, while more than 600 million Africans still lack reliable access to electricity. Lacking the resources and technical capacity to build this infrastructure alone, African governments are actively seeking financing and partners, at a time when traditional players such as France have scaled back their presence in markets deemed too risky,Continue reading "The Africa Energy Forum: a Gulf-Africa Energy Partnership Still Going Strong?"

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