Browsing: Powering Africa

As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.

Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.

The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.

Currently, Africa’s power is …

The future of Africa is fenced around its ability to utilize renewable energy potential. Harnessed effectively, Africa stands to become the next world powerhouse and take over energy production once and for all.  

In this context, the African sun has plenty of potential to transform the continent’s energy generation landscape.  Africa is endowed with plenty of renewable energy, hydropower and natural gas. 

The International Energy Agency points to Africa as a region harbouring nearly 17 per cent of the global population but it only holds four per cent of global power supply investment. …

Subscribe to unlock this article

Login to read this article for free and get 3 free premium articles. Subscribe today for unlimited premium articles and more.

Digital Subscription – Monthly

Monthly renewing
You can cancel anytime.

$5 /Monthly

Digital Subscription – Annually

Monthly renewing
You can cancel anytime.

$40 /Annually