Ramokgopa Calls for Major Investment to Secure Africa’s Energy Future

Minister of Electricity Kgosientsho Ramokgopa has underscored the urgent need for large-scale investment in Africa’s energy sector to ensure a sustainable and competitive future. Speaking at the 17th annual Africa Energy Indaba in Cape Town, he stressed that Africa must take bold steps to close the financing gap in its energy industry.

Africa’s Energy Investment Deficit

Despite being one of the most resource-rich continents, Africa continues to struggle with energy access and development. Ramokgopa highlighted that the continent’s share of global energy investment remains below 5%, making it imperative to mobilize financial resources.

“This is the key issue we must address—how do we design investments that will help us achieve our energy ambitions?” Ramokgopa stated.

He called on stakeholders to focus their discussions over the three-day event on financing solutions that align with Africa’s long-term energy goals.

Geopolitical Challenges and Africa’s Energy Strategy

Ramokgopa also touched on the broader global challenges affecting Africa’s energy sector. He pointed out that issues like mineral nationalization, trade protectionism, and the weaponization of resources require Africa to reassess its energy strategy.

“We need an honest conversation about Africa’s energy future. The world is shifting, and we must position ourselves to benefit from our own resources,” he added.

The Path to a Sustainable Energy Future

To achieve energy security and economic growth, Africa must prioritize infrastructure development and innovative financing models. With growing global interest in renewable energy, the continent has an opportunity to attract investments in solar, wind, and hydroelectric power.

As discussions at the Africa Energy Indaba continue, Ramokgopa’s message is clear—Africa’s energy future depends on significant, well-structured investments that can unlock its vast potential.

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