Liquefied natural gas (LNG) carries the potential to displace diesel as cheaper and cleaner fuel for trucks and buses. With IFC’s help, China is leading the transportation sector into the Age of Gas.
African economies can seize the opportunity to play a bigger role on the global stage, but success hinges on an improving climate for trade and doing business.
As world trade and investment have increasingly become organized around “value chains” — production lines that cross borders — Africa has struggled to reap the benefits of this trend, even as Asian and Latin American countries churned out cars, microchips and textiles for consumers across the globe.
Innovation in energy storage, smart grids and mini-grids hold the potential of improving access to power for billions of people around the world.
In the coming decades we will start to think of data and software as a source of energy.
What do I mean by that? Software won’t generate electrons, but it will let us leverage the electricity we are already generating in a more efficient and productive way.
Africa’s economic outlook as a whole presents one of the most promising growth stories of anywhere in the world, yet the U.S. remains under-invested in the continent relative to other regions. When you read a headline about Africa in the paper, it’s still more likely to talk about conflict or disease than opportunity.