Increasing the use of competitive tenders in public procurement is vital to meet Africa’s energy requirements, the World Bank has said.
In a report the World Bank estimated Africa as a whole needed to invest US$40.8bn a year into energy infrastructure to meet growing demand, an amount that “could not be bridged by the public sector alone”.
The need for large investment in energy capacity was “obvious, especially in the face of robust economic growth on the continent,” it added.
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