Executive Director, Sahara Group, Kola Adesina has described Power supply investment in Africa as one of the lowest in the world. According to him, Power supply investment in Africa ranks among the lowest in the world and lack of energy costs the continent over $110billion annually.
Adesina who was speaking at the virtual 2021 Horasis Global Meeting recently said the World Trade Organization (WTO) needs to galvanise the interest and support of various stakeholders to promote equitable global trade relations and energy access in Africa where almost 600 million people live without electricity.
He was speaking on the theme ‘Redirecting the World Trade Organization’ said, deploying multilateral engagements would help circumvent the status quo that has made global trade relations somewhat lopsided.
Horasis is one of the foremost annual meetings of the world’s leading decision makers from business, government and civil society. He also said Africa is home to 17 per cent of the world’s population, but accounts for just 4% of global power supply investment.
He emphasized the need for World Trade Organisation (WTO) needs to galvanise the interest and support of various stakeholders to promote equitable global trade relations and energy access in Africa where almost 600 million live without electricity.
