An alternative energy future for Africa is possible and affordable, but only if Governments can make the shift to more renewable energy sources according to a new report from IEA. Here are the key report findings.
With more than 600 million people lacking access to electricity in Sub-Saharan Africa, off-grid renewable energy has the potential to transform economies and lift millions out of poverty. But green power can do something else, too: it can help solve the continent’s mounting unemployment crisis. A perspective by Mugo Kibati of M-KOPA and Gilles Vermot Desroches of Schneider Electric.
SEforAll Africa hub in conjunction with the African Development Bank recently published a Mini-Grid Market Opportunity Assessment of Cameroon as part of the Green Mini-Grid Market Development Programme (GMG MDP) document series.
The Democratic Republic of Congo (DRC) is ranked 184 out of 190 on the World Bank’s ease of doing business index and 175 on ease of getting electricity. By comparison, Kenya, a favorite of the donor community when it comes to energy access, ranks 92 and 106 respectively. The World Bank recently credited Kenya $150 million to provide solar to under-served communities.
Riccardo Puliti, the newly appointed head of energy and extractives at the World Bank in charge of investing $8 billion a year, says that Africa and India will be the bank’s main focus, and he will pursue an all-of-the-above approach, with a major focus on natural gas and renewables, while coal will remain off limits.
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