The ability to raise finance
Ü Finance, especially debt, is still scarce in Africa
Ü Even limited-recourse project financings are rare
Ü Multilaterals can be slow and their criteria
demanding or opaque, but OPIC and MIGA
insurance, where available, is useful
Ü Local financing is a good currency hedge, but
market is thin
Ü Creativity is key: mix and match approach
Ü Financeability depends on many criteria