This further depresses business productivity and generating their own power increases the operating expenses of companies. Yet over 600 million Africans still lack access to reliable and affordable electricity. For instance, electricity is a foundational requirement for industry, manufacturing enterprises, for doing business, for running hospitals, schools, and for improving the quality of life at home. ![]() Other sectors of many African economies are stagnating. ![]() Yes, there was a telecommunications jump largely bypassing landlines to mobile phones in the early 2000s, but internet penetration is still low at 36%. African countries cannot leapfrog their way into industrialization.
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