Kandeh Yumkella, former director general of the UNIDO industrial development organization in Vienna, sees the long-awaited electrification of Africa as having difficulties in financing issues - and hopes for Europe.
It sounds downright euphoric when visions for Africa's energy future are drawn up internationally: For example, the steadily increasing demand for energy should in future come entirely from renewable sources ...
The still inadequate power supply on the African continent limits the productivity and well-being of millions of people. The potential of renewable energy sources is immense – and could be realized with capital from abroad.
The corona crisis has reached the whole world with its immense direct and indirect effects. While Africa strikes a balance between infection numbers and socio-economic damage, some Latin American countries are sinking into chaos.
African economist Tim Heinemann believes that the African institutions' crisis work to date has been successful. To master the long way out of the socio-economic misery, the European private sector is also needed.