Africa’s Electrification Needs $350 Billion Investment By 2030

Sub-Saharan Africa, the region with the lowest universal access to energy, needs $350 billion in investments, one-fifth of which needs to be off the grid, to achieve universal electricity access by the end of this decade, Wood Mackenzie said on Thursday.   According to the African Development Bank Group, more than 640 million Africans have no access to energy, which corresponds to an electricity access rate for African countries at just above 40 percent, the lowest in the world. Per capita consumption of energy in sub-Saharan Africa, excluding…