January 24, 2016
Africa’s Mining Sector Holds the Key to the Region’s Electrification and Economic Diversification
According to the World Bank in 2015, the mining industry in Sub-Saharan Africa has spent around $15.3 billion on generating its own electricity in the past 15 years. Yet, none of this made its way on to the national grid. At present two out of every three people in sub-Saharan Africa do not have access to electricity. This tremendously obstructs the continent’s true growth potential and continues to feed the cycle of poverty. Amidst a growing climate of resource nationalism, international mining companies have more to lose unless they are prepared to work with the public sector to turn threats into opportunities. Read my latest HuffPost blog for more on this subject.