Private-sector financier in the World Bank Group
Kenya has withdrawn a tariff review application, keeping the current electricity tariff structure in place. The decision follows consultations across government and with stakeholders. EPRA will lead any future review under the Energy Act of 2019, with transparency and public participation guiding the process.
Analysts say sovereign-rating rules inflate the perceived risk of African renewable-energy projects, raising borrowing costs and slowing electrification across the continent. Only Botswana and Mauritius hold investment-grade ratings, hindering investment in projects such as Kenya’s Menengai Geothermal and Nigeria’s Solar IPP pipeline. Donor collaborations like Mission 300 are expanding access, but financing remains expensive and fragmented.