Prolonged drought has profoundly impacted hydroelectric power-dependent Zambia. The government is enacting reforms to mitigate the crisis, most significantly increasing tariffs in October on an emergency basis – a move which could pave the way for permanent cost-reflective tariffs.
Developers are also advancing a solar PV pipeline that would see installed capacity increase tenfold by 2028. This informs an optimism from some players, such as private utility CEC, over the power sector’s longer-term prospects, writes Chiwoyu Sinyangwe in Lusaka.
Issue 517 - 28 November 2024
The ruling ‘Duo Diomaye/Sonko’ seems to hold all the cards needed to at least try to implement their ambitious Project Senegal 2050 agenda, after their Pastef party won some 130 of the 165 National Assembly seats in Senegal’s much-anticipated mid-November legislative election, writes Waly Dione Faye.
Issue 517 - 01 December 2024
Our first white paper is on Extending political risk mitigation for African project finance.
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