March 18, 2015

Renewable Energy: Africa’s Light at the End of The Tunnel?

Energy Deficient

Africa’s energy landscape is pretty perplexing. The continent’s oil producers are also amongst the largest petroleum product importers in the world. On average up to 70 per cent of Africa’s energy consumption is imported, mostly in the form of refined products. Despite accounting for around nine per cent of global oil production, energy access in Africa is limited to less than 20 per cent of the continent’s entire population. The average access to energy for developing countries is 72 per cent. From an economic perspective, power outages also cost the continent a great deal in terms of GDP and economic efficiency. At least 30 countries on the continent experience daily outages, which can account for up to three per cent of GDP in some of the worst affected economies

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