INSUBCONTINENT EXCLUSIVE:
about $2.9 trillion in capital expenditure between 2022 and 2050, mainly dedicated to green energy sources.Investment in hydrogen and
billion pledged by the European Union, the United Kingdom, and the United States.Modernizing Africa: The Drive for Improved Infrastructure
renewable energy sources.Substantial investments will enhance power generation and electrification in electricity infrastructure.An
Egypt-Saudi Arabia venture plans to build a high-voltage direct-current link, boosting grid resilience and aiding decarbonization
efforts?.Morocco is witnessing significant infrastructure developments, with Vinci Energies constructing extensive high-voltage power lines
and distribution networks.Yet, Africa faces a vast infrastructure deficit, particularly in sub-Saharan regions, where access to electricity
and clean water remains limited.For example, electrification rates vary significantly across the continent.Countries like South Africa,
Cameroon, and Nigeria have rates above 50%, while others like Niger and the Democratic Republic of Congo fall below 20%.The lack of
infrastructure is more pronounced in rural areas, impacting access to basic services and economic opportunities.Growth in information and
communication technology infrastructure.The continent is now the second-largest mobile phone market globally and the fastest-growing, with 8
in 10 Africans owning a mobile phone.However, broadband coverage remains low, underscoring the need for accelerated digital innovation.To
billion infrastructure gap by 2025 is crucial for its economic prosperity and sustainable growth.
