Africa50 Managing Director, Head of Project Development advocates for the use of Electricity Regulatory Index report
Africa50 Managing Director, Head of Project Development spoke in a session on ““Benchmarking African Power Sector Regulatory Frameworks against International Best Practice” organized by the African Development Bank at the Africa Energy Forum. He remarked that the Electricity Regulatory Index report is a good tool for private sector investment decision making in the power sector as it measures regulatory stability and predictability , which are essential factors for investors.
The ERI assesses a number of regulatory indicators, including a review of critical indicators of importance to private investors when making investment decisions in the country. Establishing clear licensing frameworks, ensuring consistency in predictability and transparency of regulatory decisions and actions impact the ease of entry of investors into the sector. Based on the 2020 findings, the Ugandan and Namibian regulators are among some of the countries making significant progress on these indicators, which is reflected by the level of investments that the countries have been able to attract.