Power Infrastructure: Key to Unlocking Africa's Potential
- Frost & Sullivan to reveal market forces shaping the future of energy on the continent to 2030
CAPE TOWN, South Africa, Sept. 24, 2013 /PRNewswire/ -- In 2012, China invested nearly $6 billion in African electricity infrastructure at a time when the regional economies were expanding at an average rate in excess of 5%. However, despite this, it is clear that the gap between electricity demand and supply is stretched beyond what the governments of the region are able to handle. As a result; the private sector is experiencing investment opportunities beyond anything available in the past.
To support businesses looking to take advantage of this potential, Frost & Sullivan has completed an analysis of the energy sector in Africa, which was revealed at the Growth Innovation Leadership (GIL 2013: Africa) event – in Cape Town. The analysis highlighted current and future market forces that will shape the energy industry on the continent until 2030.
"Africa has matured over the last 10 years and specific opportunities are now developing that were previously unthinkable," notes Cornelis van der Waal, Business Unit Leader for Energy at Frost & Sullivan Africa. "Companies wanting to benefit from the available growth opportunities will need to have a solid intelligence platform, coupled with accurate opportunity identification and implementation capability."
Current market drivers were also discussed; specifically the deregulation of the energy industry, as well as key hotspots, including the implications of the recent deregulation in Nigeria, and expected medium term opportunities in South Africa and surrounding countries. Specific emphasis will be placed on the importance of natural gas on the continent.
Opportunities in the African energy space are often not in the largest economies – and companies who are able to identify opportunities early on will benefit from the growth prospects of the continent.
Frost & Sullivan's Global GIL Community continues to be the industry's only resource that supports CEOs and their management teams in critical decision-making, offering tools that assist industry leaders in achieving the three essential objectives of Growth, Innovation and Leadership.
To learn more of our studies within the energy and power systems sector, and to attend the next Frost & Sullivan Growth Innovation Leadership (GIL: 2014 Africa) congress, please send an e-mail to Samantha James, Corporate Communications, at samantha.james@frost.com
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Contact:
Samantha James
Corporate Communications Africa
P: +27 21 680 3574
F: +27 21 680 3296
E: samantha.james@frost.com
http://www.frost.com
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