Africa Energy Review 2021

It has been estimated that achieving global net zero by 2025 0n will cost $130bn making it the single biggest global growth opportunity. For those who don’t transition, it will be a significant disrupter with the risk of major stranded assets across the globe. A critical question yet to be answered is whether Africa will benefit from an equitable store in global investment and growth or, lack the economic strength will continue to fall further behind global standards as outlined in the Sustainable Development Goals (SDGs).

While Africa’s energy sector is vital to the continent’s economic prospects, it has not been able to achieve the reliable domestic energy supply that the people and businesses require.  Energy demand in Africa has been increasing at an annual rate of around 3%, the highest among all continents, but energy supply continues to lag significantly.

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