The continent needs $288bn of investment in energy to fuel development. What are the obstacles to investment?
To radically transform Africa’s energy outlook and reach the goal of universal access to electricity by 2030$288bn is needed. Until now though, progress towards that goal has been slow (pdf). So, what’s keeping investors out of sub-Saharan Africa’s energy markets?
A recent report on Addressing Africa’s infrastructure challenges encouraged investors to “look past the traditional western view of Africa as a homogeneous block, and undertake the detailed research required to understand the nuances and unique opportunities of each region and each individual country”.