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Africa’s energy transition topped the agenda at the recently concluded Nigeria International Energy Summit (NIES) in Abuja. As the world’s least developed continent, Africa is expected to be home to nearly 2.5 billion people by 2050. Eighty percent of them will live in Sub-Saharan Africa, where less than half of all people have access to electricity today, and as little as 16% have access to clean cooking fuels and technologies. The continent’s energy transition is a huge task and will cost an estimated $100 billion annually between 2020 and 2040.
While the developed world clamours for Africa to…
