The Organisation of Petroleum Exporting Countries (OPEC) has said that aboutthree billion people still lack access to clean energy fuels while another one billion also lack same for electricity.

The EIB expects the gender-lending initiative SheInvest to allow women to play a more active role in economies.

Africa and its upstream operators show no signs of tempering their quest for oil and coal despite growing pressure over climate change and a wider industry shift towards more costly renewables and lower-carbon natural gas.

Kenya-based pay-as-you-go-solar company, M-Kopa will be the first beneficiary of the fund.

Off-grid companies based in Norway will be able to benefit from the Norwegian Government’s guarantee. The off-grid solutions they provide are easy to install and less expensive.

Inficold solar integration doesn’t require off-grid solar inverter or electric batteries, and is most useful in case of sudden and prolonged power cuts.

As many as 680 million people living in urban slums are said to have little or no cooling to protect them in a heatwave – a rise of 50 million people in the past year – with an additional 365 million people living in poor rural areas also at high risk.

If African countries continue on their policy trajectories, 530 million Africans will still lack electricity in 2030, the IEA report said. It said bringing reliable electricity to all Africans would require annual investment of around $120 billion.

Continent is embarking on a huge expansion of power stations, most of which will burn coal.

My advice: CEOs should adopt long-term thinking and seek out investors that acknowledge and understand reality, forget the ego-boost of big rounds and press releases, and double down on building businesses that work.

Country news


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