Africa Energy Investment Summit

Event Postponed

About The Africa Energy Investment Summit

Unleashing Africa’s potential through energy sector investment
“A better functioning energy sector is vital to ensuring that the citizens of sub-Saharan Africa can fulfil their aspirations… The energy sector is acting as a brake on development, but this can be overcome and the benefits of success are huge.” Maria van der Hoeven, Former IEA Executive Director

Dear Participant,

We are excited that you have decided to join us for our Africa Energy Investment Summit 2016. As you know, our continent has enormous potential, not only to ensure a better livelihood for its people, but also to be a major play¬er in global markets. Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub Saharan Africa, according to the International Energy Agency. Investment in the energy sector could unleash an extra decade of growth.

The Energy Sector forms a significant portion of the economies of all African countries, and as a sector it can therefore bring about major continental development priorities, such as economic growth, boosting of further infrastructure development and investments, rapid industri¬alization and economic diversification, sustainable resource and environmental management, and creating jobs, human security and shared prosperity. The Energy Sector can also pro¬vide opportunities to millions of the continent’s young people entering Afri¬ca’s labour markets every year.

The African Union, New Part¬nership for African Development, African governments and Multilateral organisation, etc. have put Africa’s Energy Sector as one of the key pillars for Sub Saharan Africa’s prosperity.

At this conference, participants will get to hear from various policy makers, academics, government representatives, energy sector professionals, investors and investment bankers, etc. on new initiatives in the whole energy sector, the technology trends, investments opportunities, etc.

The theme for 2016 edition of the conference is "Unleashing Africa’s potential through energy sector investment"

So we hope that you are also excited and we look forward to welcoming you at the conference in Washington DC, USA.

Until then,

Nyembe Chapeshamano
Conference Director

  • Energy sector is key to powering prosperity in sub-Saharan Africa

    In the IEA’s first comprehensive analysis of sub-Saharan Africa, it finds that the region’s energy resources are more than sufficient to meet the needs of its population, but that they are largely under-developed. The region accounted for almost 30% of global oil and gas discoveries made over the last five years, and it is already home to several major energy producers, including Nigeria, South Africa and Angola. It is also endowed with huge renewable energy resources, including excellent and widespread solar and hydro potential, as well as wind and geothermal.
    In an “African Century Case”, the IEA report shows that three actions could boost the sub-Saharan economy by a further 30% in 2040, and deliver an extra decade’s worth of growth in per-capita incomes by 2040.

  • Tapping Africa’s potential as a secure energy supplier

    Energy, and particularly electricity, is a key resource for economic and social development. Basic services like education, sanitation and communication rely on electricity, without which there is no lighting in schools, no refrigeration of food and no power for modern technologies.

    But the United Nations Development Programme (UNDP) estimated in 2005 that 1.6 billion people still had no access to electricity.

    Most of these people live in the least economically advanced countries. Over 75% of the populations of around 20 African countries have no access to electricity. This situation is shared in Myanmar, Afghanistan, North Korea, Papua New Guinea and Cambodia.

  • Key Issues in Africa’s Energy Sector

    Low access and insufficient capacity - Some 24 percent of the population of sub-Saharan Africa has access to electricity versus 40 percent in other low income countries. Excluding South Africa, the entire installed generation capacity of sub-Saharan Africa is only 28 Gigawatts, equivalent to that of Argentina.

    Poor reliability - African manufacturing enterprises experience power outages on average 56 days per year. As a result, firms lose 6 percent of sales revenues in the informal sector. Where back-up generation is limited, losses can be as high as 20 percent.

    High costs - Power tariffs in most parts of the developing world fall in the range of US$0.04 to US$0.08 per kilowatt-hour. However, in Sub-Saharan Africa, the average tariff is US$0.13 per kilowatt-hour. In countries dependent on diesel-based systems, tariffs are higher still. Given poor reliability, many firms operate their own diesel generators at two to three times the cost with attendant environmental costs.

    Shortcomings in the power sector threaten Africa’s long term economic growth and competitiveness. The cost to the economy of load-shedding is equivalent to 2.1 percent of GDP on average.

  • Africa’s chronic power problems have escalated into a crisis affecting 30 countries. This tolls heavily on economic growth and productivity

    The entire installed generation capacity of Africa’s 48 Sub-Saharan countries is just 68 gigawatts, no more than Spain’s. As much as one-quarter of that capacity is unavailable because of aging plants and poor maintenance.

    In Sub-Saharan Africa, just one person in five has access to electricity. If current trends continue, fewer than 40 percent of African countries will reach universal access to electricity by 2050.

    Per capita consumption of electricity in Sub-Saharan Africa (excluding South Africa) averages only 124 kilowatt-hours a year and is falling. The rate of consumption is barely 1 percent of that in high-income countries. If entirely allocated to household lighting, it would hardly be enough to power one light bulb per person for six hours a day.

    More than 30 African countries are now experiencing power shortages and regular interruptions in service, leading many to rely on very costly leased generating plants as an emergency stopgap (see figure). Frequent power outages mean big losses in forgone sales and damaged equipment—6 percent of turnover on average for formal enterprises, and as much as 16 percent of turnover for informal enterprises unable to provide their own backstop generation. The economic cost of power shortages can amount to more than 2 percent of gross domestic product. For some countries, it has shaved as much as one-quarter of a percentage point off annual per capita GDP growth rates.

Global Leaders' Views...

Investing & Developing Sub Saharan Africa's Infrastructure - Energy (Power & Electricity)

News & Insights in Africa's Energy Sector

Investement in Africa Energy Sector - Hydro Power, Solar, Wind, Thermal, Biomass, Oil & Gas, etc

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