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Access to energy is key for development – African Development Bank

Business News 8 months ago

The bank’s energy team will engage sector stakeholders to address barriers to mobilising and scaling up private investment in Africa’s energy sector.


12 Nov 2019
PREMIUM!
Access to energy is key for development – African Development Bank

The African Development Bank. Picture: Twitter

Access to reliable, affordable and sustainable energy is key to Africa’s development, according to the African Development Bank, which is hosting the second Africa Investment Forum in Johannesburg. Wale Shonibare, acting vice-president for power, energy, climate change and green growth for African Development Bank, said with close to 600 million people on the continent still lacking access to energy, there was a huge need to bridge the gap which required substantial investments into Africa’s energy sector. “Investors recognise the opportunities in the energy sector, yet multiple barriers stand in the way of transformational private sector participation, including non-creditworthy utilities, the...

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