Tunis today hosts an African Development Bank conference on financing electricity for growth in Africa.
The conference, organised by the Infrastructure Consortium for Africa, aims to ensure best practice is shared across African countries as well as promoting financing of regional cooperative projects.
Conference hosts aim to stimulate business deals by bringing together key energy and investment companies, who will learn from each other about ongoing and imminent electricity infrastructure projects.
The deeper aim is to help Africa exploit its potential – an estimated 17 per cent of global hydroelectric resources are located on the continent but only seven per cent of this potential has been developed to date.
Tunisia is in a prime position to host the conference as one of Africa's most developed states – according to World Bank statistics, its trade has grown tenfold in the last twenty years, with fuel imports doubling while exports have grown by a factor of five since 1985.
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Electricity conference heads to Tunisian capital
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