Investors to Ethiopia are highly concerned about not only political risk, but also capital transfer and convertibility, inflation and currency risk, and financing availability. While a reduction in political risk hinges on the levelling-off of conflict, the remaining barriers can be addressed by improving follow-through on regulatory changes, pursuing prudent macroeconomic policies with the support of multilateral partners, and strengthening the local financial sector.
According to the Study, Recapturing investor interest is key to enabling Ethiopia to move away from public-sector-led growth, which caused sizable public sector debt. The government should strive to harness private sector resources, so as to achieve its ambitions of universal electrification by 2025 and become a regional electricity hub.
RES4Africa and PwC survey conducted between April and July 2021 with 116 stakeholders titled ‘Investors Survey on Sub Saharan Africa’ aims to examines the risks to renewable energy investments in six countries in Sub Saharan Africa, namely Côte d’Ivoire, Ethiopia, Ghana, Kenya, Mozambique and Senegal.
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