Millions of individuals are living in persistent darkness, lacking access to a basic necessity crucial for daily life. According to the International Energy Agency (IEA), more than 600 million Africans lack access to energy, resulting in an electricity access rate of over 43 per cent for African countries, the lowest globally.
The absence of electricity restricts households from engaging in essential activities, such as proper lighting for homes and streets. The impact extends beyond domestic settings, affecting every sector of the economy, including businesses, education, and healthcare.
The lack of electricity accessibility in many regions can be attributed to various factors, including the high cost of electricity and infrastructure deficit. While on a global scale, Africa boasts relatively low electricity costs, there still exist regions whose prices are relatively high compared to household incomes. In an earlier report, Business Insider Africa explored African countries with the highest cost of electricity in 2023 and how it can stifle the growth of economies.
