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Energy investment key to Africa’s economic growth

The area needs $3 trillion investment in infrastructure by 2030, says the IEA

Sub-Saharan Africa will need $3 trillion of investment in new energy infrastructure by 2030 if the region is to raise hundreds of millions out of poverty and  sustain economic growth, a new report by the International Energy Agency (IEA) said. In the IEA’s Africa Energy Outlook published on 13 October, the agency said spending on energy and infrastructure in sub-Saharan Africa would need to be doubled to $110 billion per year to give millions of Africans access to affordable electricity.  Most of the new spending would need to be spent on domestic power generation rather than export-orientated oil and gas projects that have soaked up the lion’s share of Africa energy spending so far.   Sub-

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