Although 18% of the world’s population live in Africa, less than 6% of global energy use is from Africa. 600 million Africans still lack access to electricity, with about 50% of them living in the
. 600 million Africans still lack access to electricity, with about 50% of them living in the Democratic Republic of the Congo , Ethiopia, Nigeria, Tanzania, and Uganda. Some countries, such as Ghana, Kenya, and Rwanda, are on track for full access by 2030 and can be good examples for other countries to follow.
As the rate of electrification struggles to keep up with population growth and destabilizing forces, such as the pandemic and inflation which cause frequent disruptions, alternative sources for sustainable energy are in critical demand. The is a blended investment fund that supports early-growth Access to Energy businesses in Sub-Saharan Africa.
Studies have shown that mini-grid and off-grid sources can play a key role in future access to energy, with drastically less startup and operational costs than conventional infrastructure.
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