Poor internet connections, transport and power networks are keeping Africa in the dark. Join us on 15 January, 1-3pm GMT to discuss attracting investors
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$288bn will be needed if Africa is to reach the goal of universal access to electricity by 2030. African leaders are likely to look to foreign investors, government donors and NGOs to foot a large part of this bill, but they also need to make sure any new projects have long term economic benefits for their communities – and are not just opportunities for companies to turn a quick profit.
In a continent overflowing with energy potential, it shouldn’t be hard to attract investors – both at home and abroad. The World Bank estimates 93% of Africa’s economically viable hydropower potential remains unexploited for example. Steve Robertson, a director with the energy analysis group Douglas Westwood also told the BBC that East Africa is “regarded in recent years as one of the hottest opportunities available to both independent and larger international oil companies.”