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Part II, 9 Africa: Treaty and Contract Stability

From: International Energy Investment Law: The Pursuit of Stability (2nd Edition)

Peter D Cameron

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved. date: 30 September 2022

Changing economic contexts and changing political perceptions condition legal answers.Rosalyn Higgins1 9.01 There is no other continent in the world in which the connection between energy investment and socio-economic development is as important and as sensitive as it is in Africa. In many of its regions, the relative lack of infrastructure and lack of access to electricity for as many as 600 million of its citizens make the prospect of large-scale foreign investment a very compelling one for governments.2 Without new sources of capital, an accelerated pace of...
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