Electricity & Finance… and they are actually linked!
The Iow penetration rate of electricity is due to poor investment from state-owned utility companies and discriminative financing services to
businesses and consumers.
> 75% of adult Africans are unbanked, couldn’t
even finance their basic utility infrastructure
> 850M of African people (out of 1,3B) suffer from
very Iow quality of electricity services
Worse, 600M (50%) aren’t connected on the grid
> $50B / Year investment in energy infrastructureb (Still not enough for catching up)
> S42B in remittance to Africa
(Down from $80B before Covid)