Publication date: November 2020
Author: African Development Bank
Description: Universal and sustainable energy provision is a key priority across Africa. Countries are facing the dual objective of increasing the availability of energy to households and businesses while also decreasing the dependency on fossil fuels by adopting renewable and /or low carbon technologies.
In addition to relying on imported fossil fuels, most African countries are also reliant on hard currency debt for the financing of energy infrastructure. This creates significant exchange rate risks that are difficult to hedge and which can have profound implications for energy costs.
