The energy transition, with its systematic shift to renewable energy needs to be understood not as a burden impost on the world’s most vulnerable people, but as a vast opportunity to improve livelihoods across Africa in ways that transcend purely economic benefits.

In a world so rich in innovation and technology, it is easy to forget just how important people are to progress and development.

Outdated perceptions of the costs of clean energy remain a major barrier to the energy transition. Despite the dramatic fall in prices across these technologies, the dialogue surrounding “cheap” fossil fuels and “expensive” renewable energy endures, and must be changed.

Domestic financial institutions are best placed to mitigate credit risks, access competent technical assistance and assess renewable energy investments, they represent a reliable partners in RE project development.