Africa could face a refined fuel shortfall of 86 million tonnes by 2040, according to a new report by the Africa Finance Corporation, which warns that recent geopolitical tensions have exposed the continent’s reliance on external energy supply routes.
Riverside, Jetty with vessels drone view. [Stock Photo/Getty Images]
Africa could face an 86 million tonne refined fuel shortfall by 2040, according to the Africa Finance Corporation.
The report warns that over 70 per cent of Africa’s fuel is imported, alongside $230 billion in essential goods annually.
Geopolitical tensions, including disruptions at the Strait of Hormuz, have exposed supply vulnerabilities.
Leaders and investors are calling for increased domestic refining capacity to reduce dependence on imports.
Retired, living in the Scottish Borders after living most of my life in cities in England. I can now indulge my interest in all aspects of living close to nature in a wild landscape. I live on what was once the Iapetus Ocean which took millions of years to travel from the Southern Hemisphere to here in the Northern Hemisphere. That set me thinking and questioning and seeking answers.
In 1998 I co-wrote Millennium Countdown (US)/ A Business Guide to the Year 2000 (UK) see https://www.abebooks.co.uk/products/isbn/9780749427917
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