HOW AFRICAN COUNTRIES ARE LACKING FUND TO PROVIDE GREEN ENERGY

It quite sad that the African continent with it huge population is still finding it hard to provide Green Energy despite all the wealth of talent the continent have at its disposal.

With less than a decade to meet global energy goals, sub-Saharan Africa is finding it difficult to provide affordable, reliable, modern energy due to lack of financing, according to the latest UN report.

The Sustainable Energy for All (SEforALL) report released shows that most African countries have inadequate finance levels and those with funds are not directing them to the areas of greatest need.

The Energising Finance: Understanding the Landscape 2020 and Energising Finance: Missing the Mark 2020 report shows the world is neglecting investments in electricity and access to clean cooking energy despite the critical need to protect the most vulnerable and save lives.

Such shortage has reached acute levels in many of the 20 High Impact Countries across Africa and Asia with the largest access gaps that the reports track using the latest available data from 2018, including Angola, the Democratic Republic of Congo, Ethiopia, Kenya, Madagascar, Nigeria, Uganda and Tanzania.This financing risks locking countries into decades of high carbon emissions, import dependency and depreciating or stranded assets, posing fiscal, economic and environmental risks for developing countries.

The reports, which examine commitments, disbursements and demand for finance across two key areas of energy access

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