Six of the World’s ten fastest growing economies are in Africa. The continent has been growing at an average of 5 percent per annum for over a decade, despite the global financial and economic crisis. This makes Africa confident that it can achieve its ambitious development dream, dubbed Agenda-2063 within 50 or even fewer years according to Nkosazana Dlamini-Zuma, the former Chairperson of the African Union Commission (AU).
Did you know that about one billion people mostly from Sub-Saharan Africa and South Asia live without electricity? This is according to the latest World Bank estimates. Currently, about 640 million people in Sub-Saharan Africa have no access to electricity.
By 2040, it is estimated that Africa will require 700gigawatts of power to meet its demand. This is seven times more than what is currently installed.