2013 4 ACKNOWLEDGMENTS This paper has been written as part of the African Development Bank's background work on its Energy Strategy, developed by a team chaired by Hela Cheikhrouhou, Director of the Energy, Environment and Climate Change Department. Mthuli Ncube, Vice President and Chief Economist, has provided invaluable oversight of the process and conceptualization. The main author is Robert Bacon with the support of a Bank-wide team, including, among others, Obiora Ayodeji Adebola, Energy Expert. Thanks are also due for the inputs of Ebrima Faal, Regional Director of for language editing and to MZ for the layout and graphic design. Shale gas and its implications for Africa and the African Development Bank and policies of the African Development Bank (AfDB), its Board of Governors, its Board of Directors or the governments they represent. AfDB and its Board of Directors do not guarantee the accuracy of the data By making any designation of or reference to a particular territory or geographic area, or by using the term " country " in this document, AfDB does not intend to make any judgments as the legal or other status of any territory or area. AfDB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of AfDB. Users are restricted from reselling, redistributing or creating derivative works for commercial purposes without the express written consent of the AfDB.