Classifying the risks obstructing the development of electricity infrastructure in East Africa

The Wolfensohn’s presidency of the World Bank in the 1990’s, said that this type of infrastructure development should be financed by the private sector. [...] Governance continued Governance encompasses interactions and decision-making among the various relevant stakeholders, reflecting the gradients of power and influence, involved in a collective purpose - that being in this paper, the development and operation of electricity infrastructure within SSA. [...] Financial Governance The private sector investor’s perspective, which focuses on the rules and institutions (or lack of) that directly influence the investment environment in SSA “Good Financial Governance”: can be observed as entailing the factors that protect the ‘immediate cost’ of an investment and then enable the delivery of the ‘future rewards’ proficiently and with certainty; “Bad financial. [...] ➢ Financial governance – if you want the private sector to invest in electricity infrastructure: ❑ Minimal risks to the immediate cost of an investment; ❑ Maximum certainty to the future rewards of an investment. [...] So why not pay the private sector to train ‘apprentices’ in the capabilities of identifying and designing new electricity infrastructure, during the planning process of a new project – this can dissipate the planning risks (costs) for the private sector incurred in planning, whilst improving the project capabilities of the country as a whole, in such planning and designing processes.