Africa cannot fund energy needs with public budgets alone – Ato Forson

Dr Forson noted that African countries must create an environment that attracted long-term private investment into energy infrastructure while ensuring such investments generated jobs, promoted value addition and strengthened productive sectors.

She called for partnerships that extended beyond the purchase of Africa’s raw minerals to include joint ventures, co-investment in processing and manufacturing, technology transfer, regional centres of excellence, and long-term offtake agreements linked to value addition.“For Africa, development shoring means locating more processing, component production and green manufacturing closer to the minerals and renewable energy resources, while building local suppliers, technical skills, research capacity and regional markets,” she said.