Africa’s power sector is facing many challenges, mainly due to insufficient generation capacity which has limited electricity supply, resulting in low access. The main obstacle to the increase in electricity generation capacity is the high cost of producing electricity, forcing governments to subsidize consumption. In 2010, the average effective electricity tariff in Africa was US $0.14 per kilowatt-hour (kWh) against an average of US $0.18 per kWh in production costs. Consumption is effectively subsidized, but with significant disparities among African countries.

The mining industry worldwide is undergoing unprecedented changes, including high volatility of commodity prices and rising exploration costs. Africa, which produces more than 60 metal and mineral products, has a huge potential with respect to mineral reserves exploration and production.

In recent years, mergers and acquisitions (M&A) activities have become an important channel for investment in Africa for both global and local market players. M&A deals have allowed companies to consolidate their positions in African markets, contributing to better market access and competitiveness.

For the past decade, Africa has exhibited strong economic growth. A new economic growth momentum has been established. The continent weathered the financial crisis and has bounced back. But headline economic growth is not enough. Deliberate policies to reduce inequalities and promote inclusion are now needed more than ever before. It is time to focus on people’s expectations: decent work, a living wage, access to basic service, more democracy, and accountable governments. Africa and its people aim to be a pole for global growth in the decades ahead.