LONDON — A new investment platform backed by the British government is channeling support to energy transmission and distribution in sub-Saharan Africa, which has traditionally been neglected by investors, experts say.
But they warned that producing bankable projects from these parts of the energy market will be a challenge.
Sustainable Development Goal 7 calls for universal access to affordable, reliable, and modern energy services by 2030, but sub-Saharan Africa lags far behind the rest of the world. Less than 40% of people in the region have access to electricity, falling to 20% in rural areas, and electricity consumption per head is approximately one-fifth of the global average.