Sub-Saharan Africa needs R5 trillion invested by 2030 to improve electricity generation and distribution.
According to a report released by Wood Mackenzie Limited, about 600 million people on the continent remain without power and the amount will be needed to solve the region’s long-standing electricity access problem.
Electricity demand in the region is expected to increase nearly eight-fold by 2050.
The report states for Sub-Saharan Africa to meet the United Nations goal of universal access by 2030, further progress is needed through decentralised solar and storage grids.
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