Africa is the world’s next frontier for energy investment, offering unparalleled opportunities driven by rapid population growth, urbanization, and industrialization.
With over 600 million people lacking access to electricity, the continent has immense demand for reliable energy solutions. Africa is rich in renewable resources—solar, wind, hydro, and geothermal—making it uniquely positioned to lead the global clean energy transition.
Supportive policies, international backing, and untapped markets create a fertile ground for impactful investments that deliver strong financial returns while transforming lives and driving sustainable development.
Ethiopia’s rapid economic growth and expanding energy sector present significant opportunities for investment in hydropower and emerging solar and wind projects. With over 50 million people lacking access to electricity, the potential for growth is substantial.
Investment Attractiveness
VERY HIGH
Uganda offers opportunities in hydropower and emerging solar markets, with approximately 10 million people lacking access to electricity. However, infrastructure and regulatory challenges make it a medium-term investment prospect.
Investment Attractiveness
VERY HIGH
South Africa offers a well-established energy market with a peak demand of 52,000 MW by 2028. The country is actively promoting renewable energy through programs like REIPPPP, aiming for 14,400 MW of wind and 6,000 MW of solar energy by 2030. This makes it an attractive destination for investors in solar and wind projects.
Investment Attractiveness
HIGH
Mozambique’s large-scale gas projects and potential for renewable energy make it an attractive investment destination. With approximately 15 million people lacking access to electricity, there is significant room for growth in energy infrastructure, especially in distributed energy solutions
Investment Attractiveness
HIGH
Ghana has a growing energy market, with a projected 20.4 TWh of electricity demand by 2025. However, its reliance on thermal energy limits immediate opportunities for renewable investments. There is potential for solar growth, making it a medium-term investment opportunity.
Investment Attractiveness
HIGH
Morocco is a pioneer in solar energy, with ambitious targets to achieve 52% renewable energy by 2050. The country’s favorable business climate and large-scale projects like Noor Ouarzazate make it an attractive location for investments in solar and wind energy.
Investment Attractiveness
HIGH
Rwanda’s focus on decentralized solar systems for rural electrification provides niche investment opportunities. Although the scale is limited, with approximately 1 million people lacking access to electricity, it remains a viable option for targeted investments.
Investment Attractiveness
HIGH
Egypt is a leader in renewable energy in Africa, with a capacity of 174 TWh by 2023. The country aims for 8 GW from renewables by 2025, making it an attractive investment destination for solar and wind energy, with a stable political environment and supportive policies.
Investment Attractiveness
MEDIUM – HIGH