With data centres set to account for 20% of global energy use by 2050, is East Africa on the precipice of a global gold rush as it showcases a wealth of bankable businesses and unparalleled new energy potential?
Writes EnergyNet…
In 2024, following EnergyNet’s Powering Africa Summit in Washington DC, USA, MARA Holdings signalled their intent to invest in East Africa by signing a major off-taker MOU with the government of Kenya, setting the tone for what will potentially change the game for the region and the commercial validity for many IPPs.
At the East Africa Energy Cooperation Summit (EA-ECS), taking place 29-30 January in Arusha, Tanzania, we are pleased to unite the Africa’s energy IPPs and EPCF stakeholders to explore the investment potential and innovations being created by strategically important companies, including Africa Data Centres and iXAfrica.
At the heart of this regional surge in investment activity sits the EAC Secretariat, who convene investors and policy makers alongside EnergyNet, focusing on “Resource Wealth. Energy Access. Investment Opportunities.”
Building on the success of last year, the summit will foster cooperation across East Africa, reflecting the East African Community’s (EAC) vision of deeper regional integration and the critical role of promoting industrialisation and collaboration between stakeholders.
- Success stories, including the Ethiopia-Kenya electricity highway, underscore the transformative potential of cross-border collaboration for economic and social development.
- Off-takers are boosting the need for energy generation, and the summit will focus on both the mining industry and digital infrastructure.