Africa is addressing the numerous challenges that its people must cope with on a daily basis:
• Lack of electricity: Today, 622 million people in Africa today (two thirds of the population) live without electricity. And those who have access to electricity pay it three times more than Americans and Europeans. Regular power-cuts impact economic activities and have major consequences on productivity. Yet Sub-Saharan Africa (excluding South Africa) has a total power generation capacity of 28GW, which is equivalent to the capacity of Argentina.
• Water unfit for consumption: Over 350 million people still don’t have access to water, including clean drinking water in particular in rural areas. In 1995, 13 African countries suffered from water shortages – by 2025 this will have grown to 25.
• Unequal and limited access to finance: Inclusive finance and access to investment in general is a major issue in Africa. Official Development Aid from third party donors accounts for only a very small percentage of resources in Africa and private investment has now overtaken official development aid.
A solar energy operator and provider of filters for clean and drinking water, SOLEKTRA INT has developed innovative, reliable and targeted solutions to help every country on the continent generate its own electricity and overcome the challenges Africa faces. SOLEKTRA INT’s founders, Samba Bathily, Akon and Thione Niang, are driven by a single ambition: democratize access to electricity all over the African continent, with a view to expand footprint up to 40 countries by 2020.