Much of the investment has been concentrated in North Africa, Southern Africa and parts of East Africa, while West Africa has attracted relatively limited funding. “Africa remains one of the few regions where demand growth is unequivocal,” said Matthew Tilleard, chief executive of CrossBoundary Energy, a Nairobi-based firm that develops and operates renewable energy projects. Governments have increasingly turned to private investors to help finance solar, wind and hybrid power projects to expand generation capacity without overstretching public finances. That gap has created opportunities for Gulf investors looking to diversify beyond oil and gas. “For investors, renewable power projects can provide strategic access to industries beyond electricity generation,” Tilleard said.

Source: The North Africa Journal March 16, 2026 21:12 UTC