An Inconvenient Truth: Electricity Availability in Africa
By Bertrand Heysch de la Borde, Manager, Infrastructure Africa, International Finance Corporation, (Dakar) and Yasser Charafi, Investment Officer, Infrastructure Africa, International Finance Corporation (Dakar).
Raising sub-Saharan Africa’s electricity availability per person to the level of lower middle-income countries would potentially cost an unaffordable USD 400 billion. Private capital could help contribute to expanding the region’s generation capacity cost-efficiently and rapidly. The African governments can do a lot to create a climate favorable to these private investments. One of the main measures to be taken is to strengthen their electrical sector. Charging the real price of electricity is a first step to achieve this goal.