FX-MM: Easier Financing Is Helping Fast Track Energy Projects and Bridge Gaps, Says Standard Bank

More workable and pragmatic models for project finance are helping improve the pace of projects in Africa and remove some of the bottlenecks that existed previously.

Significant risks, however, still remain. The regional picture varies in terms of progress by country and further uncertainty is caused outside of South Africa because of the tendency to use dollar funding for power projects whose revenue is in local currency.

According to David Humphrey, Global Head of Power and Infrastructure at Standard Bank, those that take the plunge by investing in energy projects in Africa need to “go in with their eyes wide open”.

Read the full article HERE.