The East African Community (EAC) is poised for a major shift as a recent partnership agreement ushers in a strategic rebranding of energy investment opportunities across the region.
Facilitated by EnergyNet Limited, a London-based entity specializing in profiling energy projects, and endorsed by the EAC, this collaboration aims to invigorate the region’s vital economic sector.
The primary objective of the partnership is to amplify the visibility of existing energy investment prospects, thus enhancing their appeal to potential investors.
Acting on behalf of the community, Andrea Maleuth, the EAC’s deputy secretary general responsible for infrastructure and productive sectors, formalized this alliance.
Following the recent Tanzania Energy Cooperation Summit (TECS) in Arusha, where concerted efforts were made to attract energy investors to the region, the partnership was officially solidified during the Powering Africa Summit held in Washington on March 5th to 6th.
This strategic collaboration not only extends additional responsibilities to TECS but also sets the stage for a broader regional investor summit scheduled for 2025, to be known as ‘The East Africa Energy Cooperation Summit (EA-ECS).’ Sarah James, Marketing Manager at EnergyNet, underscores the perfect alignment of this initiative with the EAC’s strategic priorities for 2022–2025.
