The meeting conclusions outlined that reform efforts by governments were indispensable to unlock private investment in Africa. Several policy priorities emerged from the discussion, including structural reforms, quality infrastructure and a stable legal system for business. In this regard it must be noted that the International Energy Charter provides a stable, transparent and fair framework for sustainable energy investment, trade and transit, with so far more than 85 signatories across the world.
Dr Ernesto Bonafé, Expert on Regulation and Coordinator for Expansion, representing the Energy Charter Secretariat in Maputo, met with senior officials at the Ministry of Mineral Resources and Energy of Mozambique: Mr Pascoal Bacela, National Director for Energy, Ms Maria Marcelina Joel, Director of Legal Affairs, Mr Henrique Cossa, Minister’s Adviser, and Mr Anucencio Bouene, Head of Department for Policy and Pricing and former secondee to the Secretariat in Brussels. The meeting was an excellent opportunity to discuss about global investment trends and the increasing participation of African countries in the International Energy Charter, which is open to Mozambique’s future signature.
Dr Bonafé also met with Dr Stergios Varvaroussis, First Counsellor and Head of Political Affairs, Press and Information of the EU Delegation in Maputo. The EU Technical Assistance Facility for the SE4All Initiative managed by the European Commission, DG DEVCO, has been a valuable instrument to engage African countries with common standards aiming to enhance the rule of law in the energy sector.