WATCH: Challenges and opportunities in electrifying Africa

Staff Writer  | August 01 2016 | Business Day

AFRICA has an electricity problem, with 620-million people on the continent lacking access to power. The continent’s power sector is largely underdeveloped and those with access to electricity do not have reliable electricity.

Residential and industrial sectors regularly battle with electricity shortages and countries struggle to sustain economic growth. The more electricity is available for consumption the greater the possibility for growth.

Business Day TV speaks to financiers, analysts and CEOs of Africa’s energy projects to explore some of the opportunities and challenges of investing in this sector.

According to the Bill Gates foundation approximately 500-million people in Africa will still not have power by the year 2040.

Consolidated Infrastructure Group is the parent company of Consolidated Power Projects, which provides power generation solutions to various nations in Africa.

CEO Raoul Gamsu tells Business Day TV why the company is focused on a diversified geography and not linking its fortunes to one country.