BusiNess: East Africa’s Mining and Energy Sectors Offer Lucrative Investment Opportunities

East Africa is endowed with some of the World’s largest extractable energy reserves. It is hard to imagine that two out of every three people in the sub-Saharan Africa do not have access to electricity. Indeed, 600 million people in sub-Saharan Africa do not have access to electricity.

Africa’s power deficit has become a stark reality for economies, most of which are growing at an average rate of between five and six per cent, to which installed capacity is struggling to keep up with demand. The energy gap in Africa is considerable. The average American uses 10,900 kilowatt hours of electricity a year compared to just 500 kilowatt hours for the average sub-Saharan African. But energy is an essential ingredient for economic growth and social development.

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