We look at how Uganda is increasing accessibility to sustainable energy solutions for the country, highlighting what can be done with political will and private sector mobilization.
Finance for electricity in 20 high-impact countries averaged USD 30.2 billion per year over 2015-16, a USD 10.8 billion increase from the annual investment in 2013-14. However, this figure remains lower than the required annual investment of USD 52 billion needed to provide universal electricity access by 2030, of which 95% needs to be realized in Sub-Saharan Africa.
Finance for electricity access in the 20 high-impact countries
Percentage of population without access to electricity, total finance tracked in 2015-16 (in USD billion) and changes from 2013-14
Source: Access figures based on World Bank Indicators.
Uganda is the only country where a significant increase in renewable energy financing was identified in our 2018 Energizing Finance: Understanding the Landscape report, increasing from USD 270 million per year in 2013-14 to USD 600 million in 2015-16.
Investment in transmission and distribution remained proportionally significant across the Sub-Saharan African high-impact countries, increasing by USD 300 million to USD 1.5 billion per year in 2015-16. Ethiopia, Tanzania and Uganda saw the largest increase.
Although still small within the total picture, finance for off-grid electricity generation in Sub-Saharan Africa increased fivefold to USD 200 million per year in 2015-16, driven by solar off-grid companies in maturing markets like Kenya, Nigeria, Tanzania and Uganda.
Of all the finance tracked in Sub-Saharan Africa, bilateral and multilateral development finance institutions provided slightly more than 50% (USD 2.6 billion annually), three quarters of this with concessional terms. Notably, total concessional development finance over 2015-16 increased by USD 300 million compared to 2013-14, mostly supporting transmission and distribution (55% or USD 1 billion per year) and renewable energy projects (21%, or USD 400 million).
This film was produced by Sustainable Energy for All with financial support of the European Union.