“The Dark Continent” – Satellite image of Africa taken at night shows that due to a lack of electrical infrastructure, Africa is unlit and dark.Many might see this as a lack of infrastructure, but we at PAPE see this as potential and the opportunity to develop our continent into an economic powerhouse. It will have the largest youngest population by 2050.
Africa’s access to electricity varies by region: North Africa is almost entirely (99%) electrified.
In Sub-Saharan Africa (SSA) excluding South Africa, electrification rates in most countries are below 30%; and South Africa is predominately 86% electrified.Since 2014, the number of people without access to power in SSA has declined, as electrification efforts have surpassed population growth.The IEA’s World Energy Outlook, which states that – over 550m people on the continent are without access to electricity. This translates to approximately 48% of the share of the global population without any access. Despite progress made in Sub-Saharan Africa in powering the region, efforts are still not keeping good pace with population growth, with many of those without electricity concentrated in rural areas.
Two-thirds of SSA’s population does not have access to power, while the remaining one-third cannot consume as much as it would like, due to regular blackouts and brownouts resulting from structural problems in the electrical system.
Mature, scalable businesses with a potential to deliver gross IRR returns equal to or in excess of 25% or 3x money back over a ﬁve-year period.
Strong historical and sustainable cash ﬂows