Investment Gap Keeps Africa’s Electricity Access Lagging Behind
The latest Africa Sustainable Development Report finds that despite modest gains, about 600 million Africans still lack electricity, with financing shortfalls identified as the main obstacle.
According to the report, the share of people with electricity rose from roughly 46% in 2015 to about 53% in 2023, yet the continent still hosts the world’s largest energy-access deficit. Urban areas enjoy rates above 80%, while many rural regions stay under 40%. Annual funding for energy access is estimated at $4 billion, which the authors say is insufficient to close the gap without rapid financing expansion and greater regional integration.
Why it matters
Persistent power gaps hinder Africa’s economic growth and social development, and financing shortfalls risk deepening energy poverty.
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