African countries are on the verge of an economic breakthrough and offer great opportunities for those seeking to turn risk into reward in an increasingly complex global economy. China has grasped these opportunities and Norwegian public and private enterprises could do so too. The scene is set for a win-win situation. If risks are managed in a good way, there will be rewards – both for African nations on a path to reaching their development potential and for Norwegian and international public and private enterprises seeking to achieve returns on their investments while at the same time contributing to a sustainable future for Africa.
In a new paper, which was recently published in a report by WWF Norway, I share my reflections on Chinese investments in Africa, the opportunities this implies for Norwegian renewable energy actors, and how the investments risks can be managed.