Power utilities in Africa: A woeful tale of losses and poor governance
Kenya Power employees repair a transformer in Nairobi. The cost of inefficiency in Africa’s power and water sectors valued at $4.5 billion annually. PHOTO | FILE | NMG
African households and industries have been pushed into a life of unreliable and expensive power as a result of inefficient, loss-making state-owned power utility firms with questionable governance structures.
A study by Clarion Energy and the Gordon Institute of Business Science (University of Pretoria) shows that governance irregularities have become a major cause for concern for government-owned utility firms as they adversely impact the firms’ procurement processes.
