Africa needs an investment of between $70 billion and $90 billion annually to achieve universal access by 2030. By 2015 only about $10 billion was being invested, half of this from private capital and the other half from governments. Six countries among them Kenya accounted for 80 per cent of these investments, with some countries lacking any private capital at all.
In sub-Saharan Africa, Kenya was one of the first countries to liberalise its power sector, having allowed independent power producers(IPPs) to operate since the 1990s. Kenya’s energy sector is relatively well developed and has a strong track record. The legislative framework is conducive to foreign investment and is relatively well established for grid, offgrid and micro-grid projects.
Full article: Business Daily