Modern energy is essential for socio-economic development, and such investments in the energy sector are crucial in realizing universal energy access in Africa. In this regard, the East African Community (EAC) has embraced regional cooperation as a means of developing regional markets and also as a means of attracting more energy investments in East Africa.
Market reforms have also been experienced at both the national and regional levels, and liberalization has been embraced as a means of attracting energy investments in East Africa. In moving towards the international energy market, some of the EAC Partner States, namely Burundi, Tanzania and Uganda, adopted and signed the International Energy Charter. This paper is therefore an endeavour to analyse how the International Energy Charter, together with the Energy Charter Treaty, can positively impact the EAC energy sector, especially with regard to attracting the needed energy investments in the region.
The Occasional Paper is available in English.