The United Republic of Tanzania

Public Private Partnership Centre

( PPPC )

African Ministers stress PPP in energy financing.

Posted On: 02 February, 2025
African Ministers stress PPP in energy financing.

MINISTERS from various African countries have reaffirmed their commitment to fostering public-private partnerships (PPPs) and embracing innovative financing models in heightening efforts to expand energy access across the continent. This consensus was visible in presentations by ministers responsible for Energy and Finance, at the opening of Africa energy summit in Dar es Salaam yesterday, focused on addressing the challenges of energy poverty and achieving universal access by 2030. The ministers stressed collaboration between governments, the private sector and development partners to accelerate investments in renewable energy, grid expansion and off-grid solutions. They highlighted that Africa's energy future depends on bold initiatives that combine financial innovation with strategic policy frameworks, with the host Finance minister, Dr Mwigulu Nchemba noting that a third of what Tanzania needs in financing energy sector requirements can be obtained from private financing.