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Africa APPG- The energy challenge in Sub-Saharan Africa- Edward George
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Transcript of Africa APPG- The energy challenge in Sub-Saharan Africa- Edward George
The energy challenge in Sub-Saharan Africa
Dr Edward George Head of Group Research, Ecobank
22 March 2016
5.63%
5.37%
5.67%
5.62%
5.05%
7.45%
5.74%5.79%
6.82%
6.94%
7.01%
8.02%
4.31%
4.58%3.61%
5.31%5.95%
6.63%
4.99%
2.47%
5.83%
>75%
50% - 75%
25% - 50%
<25%
Share of Population without access to electricity
Source: McKinsey
Africa’s power network is inadequate
5.3%Country Average GDP growth between 2015 - 2020
Africa Average GDP growth between 2015 - 2020
• Africa’s electrification rates are low – over 40% of Africans do not have access to electricity.
• Power shortfalls across the continent are in excess of 25% of the region’s electricity demand.
• Nigeria produces as much power as Greater London – but for a population >20 times the size.
• Nigeria’s off-grid generating capacity is over 20,000 MW, five times the national grid.
• At current growth rates, Africa’s electricity demand (per capita) will nearly double from 514 kwh in 2015 to 989 kwh by 2040.
2© Ecobank 2016 | The energy challenge in Sub-Saharan Africa | Dr Edward George | 22 March 2016
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The West Africa Power Pool (WAPP): work in progress
© Ecobank 2016 | The energy challenge in Sub-Saharan Africa | Dr Edward George | 22 March 2016
4
• Launched in October 2012, M-KOPA enables Africans to acquire solar power units through hire purchase.
• Customers pay a deposit of KES3,000, and 365 daily payments of KES40.
• After one year, they own the unit outright.
• In its first two years M-KOPA brought power to over 100,000 homes in Kenya, Uganda and Tanzania.
• This required no government or donor funding and was entirely financed by African households themselves.
• Innovation and creative thinking is needed to ensure that remote communities gain access to reliable power supplies.M-KOPA III Solar Home System
© Ecobank 2016 | The energy challenge in Sub-Saharan Africa | Dr Edward George | 22 March 2016
Thank you
Africa-Asia trade flows
Ecobank’s pan-African footprint