28 Jun '16, 10am

Development banks ‘filling the gaps commercial capital won’t’ in Africa’s energy sector https://t.co/0TYxdMJzQu

Entering the developmental project phase earlier and on-the-ground engagement with local and international partners could increase the bankability of energy projects across Africa. Source: Flickr/Magahrebia A panel of development finance institutions and project developers at the annual Africa Energy Forum on Friday discussed how they are shaping the continent’s emerging energy sector; in taking on the risk that commercial banks typically will not. It was highlighted how necessary development banks are in a fragile emerging market to get things moving off the ground. Diana Noble, CEO of development bank CDC Group, characterised the mandate of a DFI as “keep the risk moving” and to “keep filling the gaps that commercial capital will not”. This can be done via entering the project development cycle earlier, taking on the mandates of ‘harder’ countries or engaging in more equ...

Full article: http://www.pv-tech.org/news/earlier-engagement-in-the-dev...

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