Africa’s path to industrialization will not be powered by solar panels alone. While renewables dominate the development agenda, no modern economy has industrialized without dependable baseload power. Africa has the population, the resources, and the momentum - but not yet the reliable energy needed for factories, data centers, and value-added processing.
This is where pragmatic capital remains scarce. Investors often see African energy through a prism of poverty or climate - but industrialization demands a reliability lens. Hybrid approaches blending renewables with gas-fired baseload and other decentralized models are already underway in countries like Nigeria, South Africa, and Côte d'Ivoire.