The CEO articulated a sobering reality confronting infrastructure developers across Sub-Saharan Africa: most governments carry high levels of debt, making it progressively difficult for them to provide the sovereign guarantees that traditionally underpin bankable project structures. This financing gap has historically impeded the proliferation of IPPs, even where technical and commercial fundamentals remain robust. MIGA’s engagement with Gabon, Mr. Yangari noted, represents a potentially decisive turning point, offering alternative credit enhancement mechanisms that can substitute for direct sovereign commitments.

« The successful proliferation of IPPs in Africa hinges on stronger guarantee mechanisms from state-backed entities, together with multilateral banks and financial institutions, that can reinforce bankability and help projects reach FIDs, » Mr. Yangari emphasized. Flamboyans Services, leveraging its dual-perspective methodology combining financial modelling rigor with on-the-ground regulatory expertise, is facilitating these discussions to ensure that Gabon’s gas-to-power ambitions—including the approximately 2 GW pipeline with Aksa Energy—can achieve financial closure without being derailed by sovereign guarantee constraints.