The increasing demand for energy in Africa is being driven by economic growth that is both significant and resilient. With maturing technologies and business models, new and exciting growth markets are emerging in addition to the conventional infrastructure projects. Given the continent’s abundance of renewable energy resources, this largely untapped market offers substantial investment opportunities.
In view of the fact that these new market segments are both in a nascent state as well as high potential, early-stage / venture capital could play a crucial role in bridging the investment gap. International development partners, on the other hand, can act as facilitators and enablers, working with governments and project participants to help address risks and build project pipelines. There is thus an attractive prospect for collaboration and partnership between development agencies and venture capital towards renewable energy market development in Africa.
EUEI-PDF therefore brought together a small group of professionals from private equity / venture capital as well as development agencies and banks for a semi- informal roundtable discussion. The event found broad interest among the respective practitioners in Brussels and EUEI-PDF gladly offered a platform for initial brainstorming and scoping of interests, expectations and needs.