DRC, Morocco, Kenya… Africa’s energy independence, myth or reality? - The Africa Report.com

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Bureaucratic heavy-handedness and lack of access to financing hinder development of renewableenergy in Africa. Stable and predictable empowering frameworks, viable projects, and risk mitigation instruments can facilitate private sector investments.

According to a World Bank estimate, DRC’s resources are ranked third worldwide in the hydroelectric sector, trailing only China and Russia. “With approximately 890 sites spread across its territory, the country possesses an immense hydroelectric potential, representing 8% of the world’s potential,” says Idesbald Chinamula, CEO of the National Agency for Electrification and Energy Services in Rural and Peri-Urban Areas .

It highlights one of the most striking anomalies of a country that is home to nearly 100 million people, where the“With this rate, we are pulling the continent down in spite of our immense potential,” says Chinamula, formerly the Inclusive Growth and Sustainable Development coordinator for the UN Development Programme .Get unlimited access to our exclusive journalism and features today.

 

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