Electrification in Uganda
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
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.