Power Africa has an exciting new tool now available to the public: the Enabling Environment Tracker.
The Enabling Environment Tracker is an interactive data aggregation and visualization tool that pulls together publicly available data on policy and regulatory trends across Africa’s energy sector into one, easily accessible location. Our hope is that our African government partners, private sector partners, development partners, and other stakeholders use the tool to assess enabling environment progress, inform technical assistance interventions, and guide advocacy for needed reforms.
By handpicking a selection of relevant external data sets from sources including the World Bank, African Development Bank, World Energy Council, and other trusted institutions, and then combining them into one interactive visualization, Power Africa has made it easier to track enabling environment trends and monitor how our collective interventions are impacting the sustainability of the sector. The Tracker will be updated annually to reflect new data.
The Tracker allows anyone to easily compare multiple dimensions of a country’s enabling environment to those of regional peers, other sub-Saharan African countries, Organization for Economic Cooperation and Development (OECD) countries, and global averages. The Tracker includes valuable data on the policy issues that matter most to energy sector development including utility creditworthiness, strength of the regulator, electrification planning, and more.
Underpinning everything Power Africa does to achieve its 2030 targets (30,000 megawatts and 60 million new connections) is the need for a strong enabling environment with investment-friendly laws and regulations, an independent regulator, solvent utilities, and holistic electrification planning. Experience shows that the characteristics of a country’s enabling environment greatly influence decisions made by companies and investors about where to deploy limited capital. Under the Power Africa 2.0 strategy, we committed to making more market information available to our private sector and other partners, including U.S. businesses less familiar with Africa’s energy sector.
This new tool is an important step in that direction. Please bookmark the website and put it to good use.