Key insights
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1
Energy demand surge
Africa's energy demand is projected to rise by over 50% by 2040.
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2
Investment shortfall
Clean energy investment in Africa has fallen to about $20 billion annually.
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3
Renewable energy growth
Solar power is expected to provide nearly 40% of new electricity capacity.
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4
Mineral resource potential
Africa holds significant deposits of critical minerals for clean energy.
Takeaways
The IEA's report underscores the urgent need for increased investment and policy reforms in Africa's energy sector to ensure equitable access and sustainable growth.