Power Africa’s Exit Threatens Africa’s Electrification Progress
SB Morgen warned that the sudden export of After Africa was a U.S.-funded initiative to promote electricity access, which could hinder energy development in Africa. The financial and technical support of the program is crucial for electrification, and its absence can block projects and prevent private investment by eliminating risk guarantees. The report highlights potential setbacks in energy sector growth and investor confidence. It urged the African government to strengthen local investment and regional power cooperation, such as the West African power bank, while exploring green bonds and diaspora funds. Reliance on foreign aid, warning, may be sustainable in the long term.
source: gairametrics
