This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum.
Author: Katie Hill, Advisor, Omidyar Network & Rose Mutiso, Co-founder and CEO, Mawazo Institute & Rebekah Shirley, Director of Research, Power for All
Africa is urbanizing faster than any other continent, at a rate of 4% every year, compared to the global average of 2%. Its rapidly growing urban population continues to strain existing infrastructure – transport and energy, in particular. Firstly, sub-Saharan Africa’s transport is almost entirely fuel-based. This creates a cost burden for citizens and a fiscal burden for countries. In Nairobi, residents spend 14-30% of their income on transport. To protect consumers from ever increasing fuel prices, African governments heavily subsidize fuels, at an average cost of 1.4% GDP.
Further data and research are vital
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