Energy capacity shortfalls stunting Africa’s industrialisation efforts

Insurance company the Export Credit Insurance Corporation of South Africa (ECIC) says there are significant shortfalls and backlogs in Africa’s installed energy capacity, which is stunting the continent’s efforts to industrialise and expand its local economies. ECIC COO Mandisi Nkuhlu stresses that electricity blackouts and interruptions in supply are commonplace occurrences in Africa, which place an unnecessary burden on the growth and development of industries throughout Africa.