$100 billion investment needed annually to meet Africa’s electricity demand

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She explained that Africa is being faced with several challenges including a low electrification rate, low agricultural yields, the lowest integration rate, and a deficit in advanced structures

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“And when we see the energy needs, it is important to highlight that to satisfy the increasing African electricity demand, a large investment of over $100 billion is needed annually in the power sector by 2030,” Ms Benkhadra said. She added that Morocco would continue to work with Nigeria and other African countries to ensure the delivery of the Nigeria-Morocco Atlantic Gas Pipeline project estimated to cost over $25 billion.

“We have the opportunity to leverage these resources not only to meet our energy needs but also to drive sustainable development. Technological innovation lies at the heart of our endeavour. From exploration and production to transportation and utilisation, advancements in gas technology are revolutionising the sector.

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