In an interview with Imraan Mohamed, Marketing Director of Itron at the African Utility Week conference in May, he points out that the International Energy Agency indicates that the energy sector investments from 2000 to 2014 in sub-Saharan Africa totalled US$55 billion per annum.
He explains that two-thirds of this is ploughed into energy exports. While this revenue is attractive for governments, Mohamed suggests that the ratio is a “bit off”.
There also needs to be a fundamental shift in mindset. “Utilities have to change how they approach new challenges since dynamics are changing. There needs to be a collaboration between vendors, customers, government and utilities. It is time for everyone to deliver on their ambitions to make the economic development climate easier.”