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Energy Investment to alleviate Energy Poverty in Sub-Saharan Africa

On 2-3 May 2019, the International Energy Forum and the OPEC Fund for International Development organised their 4th Symposium on Energy Poverty, focused on Sub-Saharan Africa. The Symposium, held in Cape Town, was opened by the Minister of Energy of the Republic of South Africa HE Mr Jeff Radebe. He underlined the country’s ambition to raise US$ 100 Billion in Foreign Direct Investment by 2023 and urged to keep access to energy on the agenda of the worldwide consumer-producer dialogue.

On the margins of the Symposium, the Secretariat conducted meetings with high-level representatives from the South African Department of Energy, the Development Bank of Southern Africa (DBSA), the African Energy Commission (AFREC) and the African Petroleum Producers’ Organization (APPO). The Secretariat also contributed to the JODI Energy Data Transparency Workshop for Sustainable Future, which was held back-to-back with the IEF OFID Symposium.

During the panel session on Energy Access Financing and Policy Formulation, Mr David Kramer, from the Energy Charter Secretariat, presented the Energy Charter Treaty and the other instruments of the International Energy Charter. In particular, he pointed out how the new Energy Charter flagship publication, the Energy Investment Risk Assessment, can assist governments to lower investment risk in the energy sector and to enhance the regulatory environment. The session was moderated by Mr Mahama Kappiah, from the ECOWAS Center for Renewable Energy and Energy Efficiency.