600 million Africans have no access to energy, here’s how govts can address this

A recent global report released by Sustainable Energy for All highlights the ongoing challenge of achieving universal electrification by 2030, with $52 billion still needed to meet the world's energy needs. In sub-Saharan Africa, 16 countries are facing significant energy access gaps, leaving 600 million Africans without electricity. CNBC Africa spoke with Rachel Kyte, the CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, to delve into the progress made so far and the critical steps needed to bridge this gap. While there has been an increase in access to electricity, the finance flowing into the countries with the largest energy access gaps remains insufficient. This disparity raises concerns about leaving vulnerable populations behind. Kyte emphasized the importance of off-grid solutions in addressing the energy access issue, particularly in rural areas where a large portion of the population lacks electricity. Despite the potential of off-grid solutions to provide affordable and rapid access, only 1% of the current financing for energy access is allocated to these solutions. Countries that combine off-grid and grid solutions have shown faster rates of electrification, underscoring the need for greater investment in off-grid technologies. The report's findings indicate a staggering annual requirement of $52 billion for meeting energy needs in Africa, adding to the broader infrastructure financing gap of $130 to $170 billion. Kyte highlighted the interconnected nature of energy access with economic growth, health services, and education, emphasizing the pivotal role of energy as an enabler for overall development. She stressed the importance of prioritizing energy investments to drive economic growth and attract both domestic and foreign finance. Despite challenges, Kyte highlighted the significance of addressing climate change through sustainable energy investments. While acknowledging varying global approaches to climate change, she emphasized the mutual interest of African countries in mitigating its impacts. Kyte underscored the need for dialogue between African nations and investors from Asia to address climate-related risks and promote sustainable energy initiatives. As Africa navigates the complex landscape of energy access, collaboration and strategic investments will be crucial in achieving universal electrification and driving sustainable development across the continent.