Cheaper Solar: Is This The End Of State Monopoly In Africa’s Electricity Sector?
Author: Julia Austin
African countries need to focus more on solar energy that is readily available and getting cheaper every day, rather invest heavily in hydro and coal power units that get expensive with time.
Matt Tilleard, Pieter Joubert and Jake Cusack, a team of investment experts from Crossboundary — a firm that advises frontier markets and conflict zones investors — say that Africa should leapfrog the energy revolution that developed countries underwent and use solar technology to reach the masses.
Using the Africa’s telecoms sector, that has seen the continent totally miss the copper wire fixed telephone infrastructure to reach nearly 600 million people in remote places, they say the energy sector could also do this using solar power.
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