Energy transition in Africa: from no energy to reliable energy

From no energy to reliable energy

Africa faces a severe energy crisis, with over 600 million people lacking access to electricity, which accounts for approximately 42% of the population. Furthermore, 1 billion people rely on polluting fuels like charcoal for cooking, leading to significant health risks and environmental degradation. 

Africa's energy transition differs from the global narrative. While the world focuses on moving away from fossil fuels, Africa's immediate priority is to provide reliable energy to its people. This requires a pragmatic approach that uses all available energy resources, including renewable energy and natural gas, to meet urgent needs.

One of the biggest hurdles in Africa’s energy transition is financing. Despite representing 20% of the global population, Africa receives only 3% of global energy investment. With financing costs nearly three times higher than in Europe, renewable energy remains expensive, even as technology prices drop.

Discover in this episode how the energy transition in Africa will be shaped to meet the energy needs of its people. Watch the video below or listen on Spotify.