The $2.9bn Julius Nyerere dam’s first 235MW turbine has started dispatching power, and a second unit is expected online very soon, as the much-delayed 2.1GW megaproject starts to fulfil its potential to supply national and regional demand – provided long-standing questions around the transmission infrastructure can be overcome, writes Marc Howard.
Issue 502 - 14 March 2024
Shortfalls in financial flows, failures to deal with debt and a lack of voice in global decision-making arenas are longstanding issues that African leaders are now seeking to address, with leaders from Ghana, Kenya and Zambia setting out a blueprint for reform covering everything from UN Security Council seats to the reallocation of $100bn-worth of assets held by the IMF.
The extent to which these ambitious goals can be achieved could prove critical to Africa’s ability to finance and structure the energy transition on its terms – but the continent’s governments also need to accelerate their own reforms.
Issue 502 - 18 March 2024
Strategy & risk, Climate change, ESG, Finance & investment, Politics & security
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