Why does Africa, home to 18% of the world’s population, receive just 1% of global energy investment? What’s stopping money from flowing to the continent when it has such good wind and solar potential? And what would it take to unlock an energy boom that benefits both Africa and Europe?
Spread across 54 countries and with a combined GDP the size of Italy, Africa's population is young and growing rapidly. It is set to grow from 1.5 billion people today to 2.5 billion by 2050. And it could reach 4 billion by 2100, accounting for two out of every five people on the planet. Africans want and deserve the same prosperity shared by richer parts of the world. And that means investment. So why is investment not flowing?
On Cleaning Up, Michael Liebreich speaks with Clemens Calice, CEO and founder of Cygnum Capital, which invests around $1.3 billion in Africa’s energy transition. Together they explore why risk perception and outdated models are slowing investment across Africa.
From rooftop solar for factories and mines, to electric motorbikes, power pools, and the geopolitics of gas, this episode makes the pragmatic case for how Africa can leapfrog to a cleaner, more resilient energy future.
Watch here: https://cleaninguppod.substack.com/p/a-clean-energy-powerhouse
