TACKLING ENERGY POVERTY IN AFRICA

TACKLING ENERGY POVERTY IN AFRICA

When befuddled investors, bankers or economists seek more clarity on China’s often opaque growth statistics they usually turn to electricity consumption, which is a good proxy. This is because of the close link between economic activity, income growth, wealth creation and electricity consumption.

Simply put, economic and population growth should translate into more electricity consumption as there are more activity and transactions taking place throughout the economy. In the case of Africa however this relationship is true, but mostly in reverse as a lack of access to electricity for most people often acts as a drag on growth. The reality today is that in Africa, power is inaccessible, unaffordable, and unreliable for most people. “This traps people in poverty – students find it difficult to read after dark, clinics cannot refrigerate vaccines and businesses have shorter operating hours,” the World Bank said in a recent energy in Africa report.

Twenty – five African countries face an energy crisis today, according to the World Bank. However this needs not be the case. The African continent is well endowed with energy resources but most remain untapped. Solutions to this problem include: boosting cross-border power trade, improving existing utility companies, improving access to electricity on a large scale, while helping countries chart low-carbon or renewable energy growth paths. Nigeria which has a growing population of more than 179 million people generates only 4,600 megawatts (MW) annually. That’s about eight times less than in South Africa, which has a third of Nigeria’s population. Analysts estimate that 2 to 3 % GDP growth upside is lost in Nigeria annually as a result of its inability to satisfy its huge energy demand. 

The African continent needs investment of $93 billion each year until 2020 to help fix power shortages and other infrastructure bottlenecks, according to the African Development Bank or AfDB. The World Bank meanwhile estimates that the 48 countries in sub-Saharan Africa, which have a combined population of about 800 million, generate almost the same amount of electricity as Spain, a nation of 47 million people. Tackling the African energy poverty problem will take stakeholders engaging in outside the box thinking.
TACKLING ENERGY POVERTY IN AFRICA

One such innovative solution is the power Africa initiative led by the U.S. Government and partners in Nigeria include Heirs Holding, UBA Capital, General Electric, Africa Finance Corporation and the AfDB. It was launched by President Barack Obama in 2013 and aims to increase electricity access in Africa by adding more than 30,000 megawatts of cleaner, more efficient electricity generation capacity and 60 million new home and business connections across sub-Saharan Africa. To date, Power Africa has leveraged more than $20 billion in commitments from the private sector for new on- and off-grid projects in sub-Saharan Africa. Other solutions would be for African nations to embrace renewable energy and innovative financing assistance for domestic Generating and Distribution companies.

Financial institutions in Africa also need technical assistance to help them appraise credit requests from solar and other renewable companies, which they currently lack. The share of non-fossil fuels as a percentage of global energy consumption reached an all-time high of almost 14 %, according to data from the most recent BP Statistical Review of World Energy report released on June, 2015.

By Patrick Atuanya, an economist with BusinessDay Media, Nigeria


Share on Google Plus

About Lion King

11 comments:

  1. This comment has been removed by the author.

    ReplyDelete
  2. What are the prospects for tidal power plants in Africa? These power plants use the energy of a tide, which appears due to the Moon gravity https://solarstory.net/satellites/moon. If tides around Africa are powerful then it's worth considering.

    ReplyDelete
  3. PLEASE READ!!Hello Guys! I am Ruth I live in Ohio USA I’m 37 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,500 daily. I got it from Him last week and now I have withdrawn about $15,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano’s email address is adrianohackers01@gmail.com

    ReplyDelete
  4. PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

    ReplyDelete
  5. PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

    ReplyDelete
  6. PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

    ReplyDelete
  7. PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

    ReplyDelete
  8. "DO YOU KNOW THAT YOU CAN HACK AN ATM MACHINE WITH  PROGRAMMED BLANK ATM CARD?? This card is an ATM cards that can be used to hack into any ATM machine. Withdraw as much cash as you want!! We sell this cards to buyers worldwide. We also make credit cards too! Here is our list for ATM cards:
    $10————-$10,000
    $10 ————$20,000
    $10 ————$30,000
    $10 ————$40,000

    Those cards are programed to withdraw for 3 months before you can renew it, if you want to get your own card Contact us on Email: adrianohackers01@gmail.com"

    ReplyDelete
  9. PLEASE READ!!Hello Guys!!! I am Ruth I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

    ReplyDelete
  10. POR FAVOR LEA !! Hola chicos !!! Soy Caro, vivo en Ohio, EE. UU. Tengo 32 aรฑos, estoy muy feliz de haber recibido mi tarjeta de cajero automรกtico en blanco de Adriano. Mi tarjeta de cajero automรกtico en blanco puede retirar $ 4,000 por dรญa. Lo obtuve de ร‰l la semana pasada y ahora he retirado alrededor de $ 10,000 gratis. El cajero automรกtico en blanco retira dinero de cualquier cajero automรกtico y no tiene nombre porque estรก en blanco, solo su PIN estarรก en รฉl, no se puede rastrear y ahora tengo dinero para negocios, compras y suficiente dinero para mรญ y mi familia. vivo. Estoy muy contento y feliz de haber conocido a Adriano porque conocรญ a cinco personas antes que รฉl y no pudieron ayudarme. Pero estoy feliz ahora que Adriano enviรณ la tarjeta a travรฉs de DHL y la recibรญ en dos dรญas. Obtenga su propia tarjeta de รฉl en este momento, la estรก dando por una pequeรฑa tarifa para ayudar a las personas, incluso si es ilegal, pero ayuda mucho y nadie es atrapado o rastreado. Estoy feliz y agradecido con Adriano porque cambiรณ mi historia de repente. La tarjeta funciona en todos los paรญses. Es una buena noticia. La direcciรณn de correo electrรณnico de Adriano es adrianohackers01@gmail.com

    ReplyDelete
  11. PLEASE READ!!Hello Guys!!! I am Tracy I live in Florida USA I’m 35 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

    ReplyDelete