Friday , July 12 2024

Huge potential in East Africa’s power sector

Energy experts see unlimited opportunities in East African power sector which needs an investment of approximately $93 billion per annum.

The cash injection is to address power and infrastructure needs, open up exciting business opportunities for suppliers and solution providers from across the globe.

Leading energy experts and industry suppliers are excited about the region’s potential and opportunities in the sector.

“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,” Connie Ochola, Regional Marketing Manager, Sub-Saharan Africa, Lucy Electric.

Sharing the same sentiments Lukas Duursema, Chief Executve Officer, Siemens Eastern Africa said 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.

“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,” said  Paras Patel, Investment Manager, Energy Access Ventures, Kenya.

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