Sunday, June 14, 2026

Africa cannot industrialize in the dark, says ECA chief as continent weighs nuclear energy future

Africa must urgently close its electricity gap if it is to industrialize, expand regional value chains and deliver on the promise of the African Continental Free Trade Area, Economic Commission for Africa Executive Secretary Claver Gatete said.

Speaking virtually at the Ministerial Compact Roundtable on Financing Africa’s Nuclear Energy Future, held during the Nuclear Energy Innovation Summit on Africa 2026, Gatete said reliable and affordable power would determine the continent’s economic competitiveness.

“No nation industrializes in the dark,” he said. “Africa cannot realize the promise of the AfCFTA or build competitive regional value chains on intermittent power alone.”

Gatete said Africa’s energy challenge is taking place at a time of overlapping global shocks, including climate extremes, high borrowing costs, tighter finance, and geopolitical instability. These pressures, he noted, are disrupting energy markets, trade routes and public finances, while limiting the ability of many African countries to finance the infrastructure they need.

He said the AfCFTA offers Africa a historic opportunity to deepen intra-African trade, expand productive capacity, strengthen regional value chains and build long-term resilience. But this transformation, he warned, will not happen without electricity at scale.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

JUNTU Technologies Partners with Chery Group to Debut OMODA and JAECOO EVs in Ethiopia

JUNTU Technologies Trading PLC has officially inaugurated and commenced...

SADC launches landmark initiative to build sustainable energy transition mineral value chains

The Southern African Development Community (SADC) region has many...

Kenya loses $92 million in AfDB shares after missing critical payment

Kenya has forfeited African Development Bank (AfDB) shares worth...
spot_img

Related Articles

Popular Categories

spot_imgspot_img