Africa requires Sh5.6tr to end energy woes

Africa requires investments to the tune of Sh5.6 trillion ($60 billion) in the next 25 years to end its perennial energy deficit, according to a new report. The report published by the African Development Bank (AfDB) last week says the continent has to mobilise huge investments to finance various projects if it is to overcome the current energy deficit by 2040.

Titled ‘2014 Development Effectiveness Review on Energy’ the report notes that nearly 60 per cent of Africans have no access to reliable energy. More than 620 million people live without the benefits of electricity connection.