A number of East African countries are making real progress in providing electricity access which needs to be replicated, this is according to the CEO of SEforALL, Rachel Kyte.
Kyte also noted that this progress has challenged the donor community to be less risk averse, faster to deploy resources and more focused on supporting under-financed areas, such as clean cooking.
Kyte was speaking alongside, the Coordinator of Power Africa, Andrew Herscowitz, at the SEforALL Global Forum held in Lisbon recently.
On the other hand, Herscowitz emphasised the importance of getting a few deals across the finishing line to demonstrate viability and attract more investments.
Universal energy access falling short
Daniel Schroth Adviser to the Vice-President for Power, Energy, Climate and Green Growth, at African development Bank (AfDB), noted that “current efforts towards universal energy access are falling short and that we need to collectively find solutions to move faster.”
The discussion confirmed the continued relevance of the SEforALL Action Agendas and Investment Prospectuses but underlined the need to strengthen the involvement of the private sector in the development of Investment Prospectuses to make sure they respond to their needs, to improve project screening and to transform the IPs into “living documents” to capture the evolving nature of the pipeline and the sector.
The AfDB highlighted that these recommendations are in line with the key priority areas of the Africa Hub for the coming year, namely:
1) Strengthening of the Investment Prospectuses;
2) Institutionalisation of the processes at country level including through the establishment of National SEforALL Secretariats, and;
3) Mobilisation of Financing.
The Hub promotes African ownership, inclusiveness and a comprehensive approach to the implementation of the SEforALL goals and SDG7.
Its main activities include: provision of guidance for the SEforALL country action processes globally and notably in Africa; providing technical assistance to partner countries; mobilisation of financing; information, networking and knowledge management.