The inaugural Africa Energy Market Place (AEMP), convened in Abidjan, Côte d'Ivoire, on 5-6 July 2018. The AEMP is a collaborative platform of key government representatives, development partners, and private sector investors, set up to address barriers to mobilizing and scaling-up private investment into the energy sector. AEMP is part of the New Deal on Energy for Africa launched by the African Development Bank. The five countries identified to participate in the inaugural edition are Côte d'Ivoire, Egypt, Ethiopia, Nigeria, and Zambia.
The AEMP brought together Finance and Energy ministers, Ministers of Investment, and heads of Utilities, Regulators and Renewable Energy Agencies. Additional guests in attendance included major development partners and senior level representation from project developers and private sector investors.
AEMP is designed to promote high-level dialogue to fast-track reforms, transactions and initiatives.
The specific objectives of AEMP are to encourage:
- Country-specific discussions focusing on removing barriers to private sector investments. This entails organizing country roundtables to: (i) prioritize and accelerate relevant sector reforms to attract private investment across the energy sector; (ii) review and fast-track priority transactions, and; (iii) generate new deal pipelines by identifying projects that could be advanced from concept to bankability.
- Peer-to-Peer learning and knowledge exchange: AEMP offers opportunities for Government officials and energy practitioners to engage with peers in other countries to share experiences and draw on lessons-learned, insights, and relevant best practices.
- Networking and Partner engagement: AEMP promotes senior-level interaction among the finance and private investor communities, enabling the identification of investment opportunities and avenues of potential financial support.
Each edition of AEMP is preceded by stakeholder consultations in order to identify the most pressing issues for discussion. These consultations help prepare and facilitate dialogue and consensus on priority actions to be undertaken by each stakeholder group. As a key outcome, participants are expected to commit to an Energy Joint Action Plan, which will serve as a roadmaps for facilitating the unlocking of investments.
AEMP will also be a channel for showcasing transactions at the annual Africa Investment Forum to be launched by the African Development Bank in November 2018 in South Africa.