Huge potential, unlimited opportunities, this is how energy experts in the region describe the East African power sector.
A required investment of approximately $93 billion per annum needed to address East Africa’s power and infrastructure needs opens up exciting business opportunities for suppliers and solution providers from across the globe.
Future Energy East Africa (www.Future-Energy-EastAfrica.
“The electricity industry in this region is one of the fastest developing on the continent and Future Energy East Africa presents the perfect opportunity to showcase our products, services and expertise to a key growth market. We have been participating in EAPIC for many years and we are excited to see the event develop after its rebranding as Future Energy East Africa this year,” says Connie Ochola, Lucy Electric Regional Marketing Manager for Sub-Saharan Africa.
“The smart money is on East Africa, Africa’s new economic powerhouse is taking root in Eastern Africa, with Ethiopia and Kenya taking the lead, and Tanzania and Uganda reinforcing this emerging regional cluster of more than 300 million people,” says Lukas Duursema, Siemens Eastern Africa Chief Executive Officer.
“Energy access related start-ups have been among the most prominent of the start-up scene in the recent years in East Africa. Kenya in particular is a commendable player in the African innovation and entrepreneurship market. The number of start-ups being born and entrepreneurs being developed here reflect this,” says Paras Patel, Energy Access Ventures Investment Manager.
“I dream of the day when all our school kids will do their evening homework using electricity. Our main opportunities lie in the upscaling of the production of renewable energy. With the decreasing costs of storage batteries, distributed generation will go a long way in ensuring that all citizens of East Africa have access to clean and reliable energy,” says Mbae Ariel Mutegi, Network Audit Chief Engineer.
“Both generation and distribution of energy in East Africa are markets to watch closely over the near future. Access to energy certainly represents a major opportunity in the region and, in my opinion, solving the issues around making mini-grids economically viable is at the core of unlocking that opportunity. Furthermore, there are few credible players with on-ground experience in this space, which makes it a particularly exciting time to be involved,” says Riccardo Ridolfi, Absolute Energy Capital (AEC) Head of Business Development.