Africa

Details

  • Industry: WEF in Africa
  • Type: Business and industry issue
  • Date: 5/8/2013

WEF Africa 2013

WEF Africa 2013 will provide an important platform for regional and global leaders from business, government and civil society focussed on integration and sustainable growth.

Innovative Business Models for Sustainable Energy Access in Africa: The REACT Experience 

Sustainable energy products and services have the potential to improve the lives and productivity of millions of rural households and businesses across sub-Saharan Africa that have no access to electricity.

Private investment will be necessary to develop this market, but businesses face serious challenges that can prevent profitability. Marketing relatively expensive and unfamiliar technology across hundreds of miles of remote terrain is not easy.

 

KPMG has released a paper on the innovative business models developed by companies funded by the Renewable Energy and Adaptation to Climate Change Technologies (REACT) window of the Africa Enterprise Challenge Fund (AECF). These businesses are testing out exciting new ways to overcome fundamental market challenges to bring sustainable energy to people in rural East Africa, with useful lessons to offer the renewables industry across the continent.

 

Conditions are improving for companies considering investment in renewable products and services for rural customers, but the market is still fraught with serious challenges.

 

On the global stage, renewable products are improving, prices are dropping and choice is increasing thanks to substantial market growth in renewable energy technologies and the number of manufacturers able to supply consumers worldwide.