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Browsing: Financial sustainability
- Private capital emerges as a pivotal force in unlocking Africa’s economic growth potential.
- Partnerships between governments, private investors, and multilateral institutions are instrumental in mobilising capital for large-scale projects.
- The government must create an enabling environment for the private sector to thrive and establish policy frameworks to favour private ventures.
Private capital emerges as a pivotal force in unlocking Africa’s economic growth potential. Investing in Africa will address pressing development needs and present lucrative opportunities for investors. Following the projected population growth in the continent, the demand for infrastructure, food, and services will soar, creating a vast market for investors to tap into. Moreover, Africa hosts abundant natural resources, offering attractive prospects for energy, mining, and agriculture industries.
As Africa continues on its path to economic stability and development, the critical need for financing becomes increasingly apparent. From transportation networks to energy systems, the continent is ripe with opportunities …
- Energy experts warn that the shortages that plague Africa’s electricity access in 2024 will have a significant drain on the continent’s economic growth.
- World Bank will connect 300 million Africans to electricity with a $35 billion plan.
- Africa is poised to adapt to transformative advancements that will reshape the landscape of energy access, storage, and connectivity across the continent.
Africa remains the most energy-deficient continent, with approximately 75 per cent of its population lacking access to electricity. As of 2021, 43 per cent of Africans, roughly 600 million people, were without electricity access, with 590 million in sub-Saharan Africa. Consequently, nearly half of the continent’s population is unable to use basic electrical appliances.
Despite improvements in electricity access in sub-Saharan Africa, where 49.4 per cent of the population had access in 2022, up from 33 per cent in 2010, electricity consumption has not seen a corresponding increase. The persistent lack …