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Energy and Power: Connecting Africa Improving Security Financing Projects and Insuring Competitiveness

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Abstract

The paper dwells on the issues of energy and power on the continent of Africa, it examines the critical process of how the continent can be connected with electricity, provide financial banking from financiers for the improvement of energy security and competitiveness. Using the secondary descriptive methodology, findings show that the sub-sahara Africa is still backward and far from continental connectivity. The paper concludes that Africa has enough resources to liquidate into connecting Africa with power and enough energy to convert into electricity. One obstacle that affects power accessibility, connectivity and distribution is absolute corruption, where leaders siphon money meant for national development through self-contracting and embezzlement of public fund. The paper recommends that African governments must declare power a continental emergency, which must be dealt with, financed and supported in all ramifications, to ensure boost in health sector, trade, investment, industry and other many ways that need power support. African governments must also attract huge investments in energy and power sector, with consideration in easing tariff and taxes on power related firms and investments, in order to make energy and power cheaper for the continent.