Spring meetings: light up Africa!
Today we revert to the recently concluded IMF/World Bank spring meetings. We attended a briefing on “The State of the Africa Region”, with energy the primary focus. In some African countries such as Gabon, Swaziland and Kenya, the pace of electrification has been rapid, with access rates increasing by around 50% over the past decade. However, the household electrification rate in sub-Saharan Africa (SSA) is the lowest globally, at an average of 42%. Excluding South Africa, industrial electricity consumption across SSA is low, reflecting the poor level of industrialization. Fossil fuels remain the main source of electricity generation in SSA, accounting for 64% of total energy output. However, hydroelectricity is dominant in some countries such as the Democratic Republic of Congo, Namibia, Zambia and Ethiopia. For South Africa, 82%...Read more >