Developing Africa’s energy resources and providing for its quickly growing population requires innovation on several fronts – technology, policy and sustainability, especially. However, underpinning these development frontiers is finance. It’s critical for there to be financial innovation, if Africa’s energy resources are to be effectively developed to meet the needs of its people.
Those needs are significant. The continent remains driven by energy poverty, and around 640 million African people remain without electricity today, according to the African Development Bank.