logo
Top 10 African countries with the strongest energy regulation frameworks

Top 10 African countries with the strongest energy regulation frameworks

The African Development Bank has released the 2024 edition of its Electricity Regulatory Index (ERI), confirming significant progress among African countries in strengthening the regulatory frameworks governing their electricity sectors.
Business Insider Africa presents the African countries with the strongest energy regulation frameworks in 2024
The ranking is courtesy the AfDB's 2024 Electricity Regulatory Index (ERI),
Senegal ranks highest in the 2024 index due to successful reforms and enhanced transparency, followed by Kenya and Uganda.
This year's ERI results reflect not just the adoption of laws and policies, but the tangible implementation of reforms by various African countries, leading to stronger and more autonomous regulatory institutions.
Since its launch in 2018, the ERI has served as a diagnostic and policy support tool designed to help governments, regulators, and development partners identify regulatory gaps, monitor progress, and prioritize reform efforts.
The 2024 edition draws on extensive feedback from national utilities, energy regulators, and regional electricity bodies. It evaluates countries across three core pillars: Regulatory Governance, Regulatory Substance, and Regulatory Outcomes, each measuring a specific dimension of how well a country's regulatory framework supports transparency, efficiency, accountability, and long-term investment.
According to the Bank, the latest results confirm that African electricity regulators are evolving. Once seen primarily as administrative arms of government, many have grown into strategic institutions with measurable influence on energy policy and market performance. Countries are beginning to move from commitment to delivery.
Wale Shonibare, Director for Energy Financial Solutions, Policy and Regulation at the Bank Group, described the 2024 index as telling a 'hopeful story,' adding that regulators across the continent are beginning to show results.
' African countries are not just passing laws, they are implementing them. Regulators are transforming from administrative bodies into strategic institutions with measurable influence, ' he said.
Top 10 Countries in the 2024 ERI
The full list of the top ten performers based on their ERI scores is presented below:
Rank Country ERI Score Governance (RGI) Substance (RSI) Outcomes (ROI)
1 Senegal 0.892 0.927 0.949 0.848
2 Kenya 0.889 0.926 0.941 0.837
3 Uganda 0.885 0.963 0.988 0.745
4 Namibia 0.875 0.871 0.883 0.870
5 Tanzania 0.858 0.899 0.888 0.786
6 Zimbabwe 0.848 0.869 0.946 0.730
7 Rwanda 0.826 0.916 0.952 0.610
8 Benin 0.807 0.887 0.849 0.687
9 Liberia 0.803 0.849 0.866 0.694
10 Niger 0.799 0.881 0.746 0.770
Senegal tops the 2024 Electricity Regulatory Index for the first time with a score of 0.892, driven by recent reforms and the 2021 creation of the CRSE, which boosted regulatory independence and transparency.
Kenya ranks second at 0.889, thanks to EPRA's efforts in tariff reform and investor confidence.
Uganda, the long-time leader, drops to third with 0.885, still leading in governance and substance, but affected by a decline in outcomes due to stalled power agreements expected to resume in 2025.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Starlink resumes internet services in Lagos, other African countries after service suspension
Starlink resumes internet services in Lagos, other African countries after service suspension

Business Insider

time4 hours ago

  • Business Insider

Starlink resumes internet services in Lagos, other African countries after service suspension

Starlink has resumed internet service sign-ups in Lagos and several other African countries after a multi-month pause prompted by overwhelming demand and network congestion Starlink has resumed new subscriber sign-ups in Nigeria and other African nations after a suspension caused by high demand and network limitations. Starlink users in cities such as Lagos, Abuja, and Nairobi were particularly affected, emphasizing the need for reliable digital services in the region. Following upgrades to its satellite network, Starlink has recommenced services in key urban and rural areas across Africa. After several months suspension, Starlink, the satellite internet service operated by Elon Musk's SpaceX, has resumed activating new subscribers in Nigeria and several other African countries, providing a much-needed boost in addressing the continent's digital shortcomings.. Recall that in November 2024, Starlink temporarily halted new orders in Nigeria due to capacity constraints and pending regulatory approval from the Nigerian Communications Commission (NCC). The suspension, according to reports, affected over 60,000 existing subscribers, who received notifications of pending approval for their activations. Over 100,000 Africans Affected In total, the temporary halt affected over 100,000 users across Africa, particularly major urban areas like Warri, Kiambu, Lagos, Abuja, Lusaka, Kano, Port Harcourt, Nairobi, and Accra, with "sold-out" notifications appearing in these cities as existing service infrastructure struggled to meet surging demand. The pause came at a time when African users, particularly in underserved rural and urban-fringe areas, had turned to Starlink as a reliable internet alternative due to the unreliability of terrestrial broadband. Starlink acknowledged the issue, stating, 'Too many users are trying to access the Starlink service, and there isn't enough bandwidth to support additional customers. ' However, following recent upgrades to its network infrastructure, the satellite network provider has resumed services in major Nigerian cities. ' This marks a significant step toward bridging the digital divide and transforming connectivity across the country, ' the internet service provider told The Punch. ' We have officially resumed activations for customers nationwide, with Lagos, Abuja, and other high-demand regions leading this exciting revival.' Beyond Nigeria, reports confirm Starlink has lifted residential subscription restrictions in major cities across Kenya, Ghana, Zambia, and Zimbabwe. Reacting to the new development, Konga, Starlink's largest retail partner in Nigeria, welcomed the move and announced free nationwide delivery for all Nigerian customers. ' Whether customers order online or walk into any of our retail outlets in cities like Asaba, Port Harcourt, Ikeja, Uyo, Owerri, Ibadan, FCT, Warri, Kano, Enugu, or Onitsha, their Starlink kits will be delivered at no extra cost, ' the company said. Starlink's gradual return is seen as a major boost for digital access across Africa, especially in areas where traditional broadband r emains unreliable. With rising demand for the internet due to remote work, e-learning, and online services, the expanded access promises faster and more.

The contradictions of Trump's 'commercial diplomacy' in Africa
The contradictions of Trump's 'commercial diplomacy' in Africa

Yahoo

time20 hours ago

  • Yahoo

The contradictions of Trump's 'commercial diplomacy' in Africa

When I told the head of an Africa-focused startup that I was going to be in Luanda, Angola for the US-Africa Business Summit earlier this week, their quip was revealing: 'So the US still does business with Africa?' That tongue-in-cheek skepticism was absent from the nearly 3,000 people in attendance as a flurry of deals across the continent were announced. President Donald Trump's administration has been keen to champion commercial diplomacy and 'trade not aid' so his top Africa lieutenants Massad Boulos and outgoing Africa bureau chief, Troy Fitrell flitted around for deal photo ops and to champion the US private sector. Witney Schneidman, a board member of the Washington-based organizer, Corporate Council on Africa, said the high attendance suggested 'the new approach is well-timed.' But concerns remain. The chaotic shuttering of USAID by Trump and Elon Musk and the still unfolding humanitarian fallout in several African countries has unsettled many. There's also the likely end of the AGOA preferential trade policy, then there's the overwhelming focus on African citizens facing US visa restrictions. On the opening day, the new African Union Commission chair Mahamoud Ali Youssouf, slammed the Trump administration's visa and trade approach. Jackie Chimhamnzi, regional director for southern Africa at the Tony Blair Institute said: ' It remains to be seen if the US is incentivized to respond to this unified moment of candor by African leaders' A decades-long American investor in Africa, who spoke with me on condition of anonymity so he could be frank, said he largely believes the commercial approach is working so far, but he still sees Trump's attitude toward Africa as 'atrocious' and called the visa constraints 'absurd.' He added: 'Somebody, maybe Boulos, needs to tell him that this directly hurts US business.' When Beijing announced earlier this month in the central Chinese city of Changsha that it would remove all tariffs on exports from 53 of Africa's 54 countries, it handily won a global news cycle. Much of mainstream US media — and even longtime US-Africa watchers — were handwringing over China's growing influence in Africa, even as the US put up more trade barriers that essentially ended the 25-year old AGOA preferential trade pact. But a closer look at China's plan shows it wasn't actually as dramatic a policy change as the headlines suggested. China already allowed 33 low-income African counties to export tariff free. This announcement just meant all countries except eSwatini (because it recognizes Taiwan). It's not even a guarantee to happen, writes China Global South Project's Christian Geraurd Neema: 'The reality is more nuanced,' he says. 'China says it is 'ready' to act,' not that it has agreed to act, he argued. It's all subject to negotiations and a new economic partnership, he explained.

Africa Re bids farewell to industry stalwart Ken Aghoghovbia at grand retirement celebration
Africa Re bids farewell to industry stalwart Ken Aghoghovbia at grand retirement celebration

Business Insider

timea day ago

  • Business Insider

Africa Re bids farewell to industry stalwart Ken Aghoghovbia at grand retirement celebration

The African Reinsurance Corporation (Africa Re) hosted a heartfelt retirement celebration on Friday, June 20, 2025 in honour of Mr. Ken Aghoghovbia, Deputy Managing Director and Chief Operating Officer (DMD/COO), as he concluded an illustrious 40-year career with the Corporation. Held in Lagos, the event brought together a distinguished gathering of colleagues, family members, industry peers, and partners from across Africa and beyond. Themed 'A Legacy of Stability: 40 Years of Commitment & Impact,' the evening highlighted Mr. Aghoghovbia's transformational contributions to Africa Re and the wider insurance and reinsurance industry. Mr. Aghoghovbia joined Africa Re in 1985 and rose through the ranks to occupy some of the institution's most strategic leadership roles. From his appointment as the pioneer Regional Director for Anglophone West Africa in 2009, to his elevation as DMD/COO in 2011, his impact has been both operational and visionary. He played a critical role in revitalizing Africa Re's Oil & Energy and Aviation Pools and was instrumental in expanding the Corporation's footprint across Africa's key markets. Reflecting on Mr. Aghoghovbia's enduring legacy, Africa Re's Group Managing Director/Chief Executive Officer, Dr Corneille Karekezi, said: 'Ken's leadership has been marked by quiet strength, technical depth, and a rare ability to bring people together in pursuit of excellence. His legacy was one of enduring commitment, exceptional leadership and deep passion for growth of reinsurance in Africa.' The celebration featured a blend of formal and emotional moments—including personal tributes, a curated digital exhibition of his career highlights, and the premiere of a short documentary film chronicling his journey. Colleagues, industry leaders, and mentees alike described Mr. Aghoghovbia as a mentor, builder, and pillar of institutional continuity. In his own remarks, Mr. Aghoghovbia expressed deep appreciation: 'It has been the honour of a lifetime to serve this great organisation. I am not retiring. I am stepping into a new chapter, quietly with no regrets, only deep gratitude. As I begin this new chapter, I remain deeply thankful for the opportunity to contribute to Africa Re's journey.' As Mr. Aghoghovbia embarks on retirement, he does so with the respect and admiration of an industry he helped shape. His legacy continues in the systems he strengthened, the people he mentored, and the values he upheld. - END - ABOUT AFRICA RE The African Reinsurance Corporation ('Africa Re' or 'the Corporation') is an international organisation with headquarters in Lagos, Nigeria, and with a dual commercial and developmental mandate focused on the African insurance sector. The Corporation, created by a multilateral agreement signed in 1976, is owned by 42 member states of the African Union (AU), the African Development Bank (AfDB), 112 African insurance and reinsurance companies and three leading global insurance and reinsurance groups. The financial strength and credit rating of the Corporation is 'A' by A.M. Best and 'A-' by Standard & Poor's. The mission of the Corporation is 'to foster the development of the insurance and reinsurance industry in Africa; to promote the growth of national, regional and sub-regional underwriting and retention capacities and to support African economic development.' The African Reinsurance Corporation (Africa Re) is a leading reinsurance company headquartered in Lagos (Nigeria). As a premier reinsurer of the African continent, it boasts one of the top highest premium income volumes and the strongest financial strength ratings.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store