One in three Africans today do not have access to electricity. About 87% of those without electricity live in rural areas. A large number of people who are connected find that it is unreliable and many who lack access depend on kerosene lamps, generator kiosk and battery-powered torches for their energy needs. The lack of energy access is costing African economies about $60.52 billion, which constitutes 4% of its GDP. Electricity can increase household per capita income by 39%, therefore plugging the energy deficit offers a huge opportunity for economic transformation.
Many argue that renewable energy, specifically distributed energy systems, presents the strongest proposition of connecting the over 600 million sub-saharan Africans that lack electricity. Distributed energy systems such as solar home systems and mini-grids provide an opportunity for Africa to leapfrog its energy challenges and connect the last mile. Doing this will benefit several industries such as healthcare where darkness plagues hospitals and clinics. Agriculture will also enjoy significant benefits with improvement in production and storage. Globally, at least 4.5 million jobs could be created by the off-grid value chain by 2030. Africa will be home to 80% of the world’s off-the-grid population by 2030.
On the 11th of July, Techcabal is convening African governments, regulators, investors, development agencies, multinationals and entrepreneurs to discuss The Future of Africa’s Energy. We will be attempting to answer the question “How do we quickly build a modern energy infrastructure that is affordable and provides last-mile access using abundant renewable energy resources in a friendly policy environment?”
Who is this for?
- Renewable energy startups including founders and team members.
- Multinationals including CEOs, senior managers and staff members of various levels.
- Investors with renewable energy portfolio companies or considering the sector.
- Policymakers including ministers, commissioners and public service employees at various levels.
- Development agencies including directors, senior managers, volunteers and staff members at various levels.
- Business service providers including law firms, finance and tax consultants, management consultants and various businesses looking to engage renewable energy stakeholders.
Ifunanya Nwandu is an energy professional with over nine years’ experience in leveraging donor and government funds to expand the renewable energy sectors in America and West Africa. Ifunanya currently manages a $75million World Bank/ Rural Electrification Agency grant fund aimed at accelerating the private market for Solar Home Systems in Nigeria. She began her career at the U.S. Department of Energy, Loans programs office, where she worked in the portfolio management division to monitor the progress and ability of companies to repay innovative renewable energy technology loans. She then moved on to co-manage a £15m DFID-funded Solar program in Nigeria – here she supported companies at various stages of market development to accelerate their growth in the nascent solar energy space. Ifunanya is passionate about using innovative energy solutions to support poverty alleviation.
Segun Adaju is the President of the Renewable Energy Association of Nigeria and is the CEO of Consistent Energy, a rooftop solar company. Adaju is also the Lead Consultant of BlueOcean Nigeria, a company that has provided extensive expert/consulting services to organisations including the Ministry of Power, Ministry of Environment, State Governments, UNDP, BOI, World Bank, African Development Bank, CBN, USAID/Winrock International, DfID SolarNigeria Programme, NIAF, EU, Oxfam, Global Alliance for Clean Cookstoves, Hienrich Boll Foundation, GIZ and Ecobank.
Ujunwa Ojemeni is a Senior Investment Associate at All On Energy, an independent impact investing company in Nigeria’s off-grid energy sector seeded with funding by Shell. Ojemeni is responsible for originating and processing deals through approval and closing, as well as providing strategic, governance and operational support to investees. Ojemeni has over 6 years of experience in project development and investment analysis, cutting across various aspects of the oil, gas and power industries.
Femi Adeyemo is the CEO of Arnergy, a renewable energy company which recently raised a $9 million Series A round led by Breakthrough Energy Ventures with participation from All On Energy, ElectriFI and Norfund. Arnergy provides solar power systems to homes and businesses with a special focus on businesses in the hospitality, education, financial, agriculture and healthcare sectors.
Olaedo Osoka is the CEO at Daystar Power Group (Ghana), a renewable energy company that provides clean energy solutions. Before then, Osoka was a Senior Manager at Sunray Ventures, the mother company of Daystar Power Group. She was a pioneer member of the management team heading the legal function while leading commercial business development in Africa and the Middle East.
Daniel Adeoye is a senior investment professional with Verod Capital Management Limited, one of West Africa’s leading Private Equity Firms. He is responsible for a number of Verod’s portfolio companies including Daystar Power (C&I Solar), Rotopint (Manufacturing), GZ Industries (Manufacturing). Daniel leads the firm’s Renewable / Hybrid Energy investment team which has actively screened investment opportunities in over fifty solar home systems (SHS), mini-grids and commercial and industrial (C&I) solar operators across West Africa.
Victor Alagbe is VP Operations and Blockchain Strategy at OneWattSolar, a renewable energy company intent on using Blockchain technology to solve the energy access deficit in the emerging markets of Africa by creating a Digital Decentralized Electricity Generation & Distribution Model. He is a seasoned Blockchain strategist with more than 5 years of experience working with existing and emergent firms in US and Europe to craft go-to-market strategies for the real-world applications of Blockchain technology across a wide range of industries.
09:30 – 10:00 Breakfast and pre-event networking.
10:00 – 10:10 Welcome
10:10 – 10:45 Lightning round
10:45 – 11:00 Keynote presentation
11:00 – 11:40 Theme panel session
11:40 – 11:55 Panel Q&A
11:55 – 12:40 Campfire session
12:40 – 13:00 Campfire session roundup
13:00 – 13:10 Closing remarks
13:10 – 13:40 End of event networking.
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