In this Growth & Recovery video, powered by technical solutions provider and engineering firm JESA, we explore opportunities to leverage investment and expertise to develop critical power infrastructure in sub-Saharan Africa. As one of the fastest-growing regions in the world, with a population projected to more than double to 2.5bn by 2050, reliable access to power is crucial for economic and social development on the continent. Ensuring new power connections are fuelled by renewable sources – running the gamut from solar and wind, to hydro and geothermal – is paramount to sustainable and equitable growth.
Macroeconomic forces such as inflation, geopolitical tension punctuated by Russia’s invasion of Ukraine and spikes in commodity prices heightened supply chain disruptions in 2022, which included capacity constraints, higher freight costs, labour shortages and port slowdowns.
Although economies in Africa faced uncertainty in 2022 as economic and global shocks weighed on post-Covid-19 pandemic recovery, intraregional trade and climate finance initiatives are helping to chart a course towards more sustainable development.
Key reforms are lowering barriers to foreign direct investment (FDI) and improving the ease of doing business in Côte d’Ivoire as the country looks to rebound from the Covid-19 pandemic.
Read our Kuwait 2022 Economic Report and Investment Analysis online or purchase from our online store.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
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