Filling Gaps in the Financial Ecosystem for Energy Access Requires Financing the Last Mile

Sub-Saharan Africa, a land of abundant energy resources and roughly 750 million people, is the least electrified region in the world. Two out of every three people there are in desperate need of reliable and affordable energy supply to power their homes and workplaces. Across the region, 60% of the population lives in rural areas and 22% of them have energy access; the region has an average household electrification rate of only 42%. Achieving universal energy access is thus a critical step in unleashing Africa’s human development and economic growth potential. It will increase productivity through improved living and working [...]