Africa's Quest for Power
Why does Africa remain poor? Civil war, famine, disease, the legacy of colonialism-all have been advanced as plausible reasons for the continent's grinding poverty and economic backwardness. But another factor-probably related in some ways to these others-plays a fundamental role in stifling development: a lack of modern energy sources.
Africa's enormous energy potential remains vastly under exploited. This is a key conclusion of the 2003/2004 African Economic Outlook, published recently by the OECD. While almost half of Africa's 53 countries could profitably produce hydropower, only 7% of this potential is reached because of poor infrastructure and the high costs of initial investments.
Furthermore, despite its large geothermal and solar energy potential, Africa accounts for only 1.3% of the world's installed solar facilities, and only four countries have started exploiting underground heat sources. Of the fossil energy sources - primarily oil - that African countries do exploit, only a quarter is consumed locally.