IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
Vol. 1 No.8, 2015

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Energy and Power Generation in Africa

Dominic A. Akpan, PhD

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Abstract

The thrust of this paper hinge on energy and power generation in Africa. Energy and power generation in Africa are derived from fossil fuels such as petroleum oil, gas, and coal. Another important form of energy is drawn from hydro-electric power. The generation of power from these sources are largely controlled by Western and American multinational companies. These companies though adhering to the terms of business in the nations they find themselves, it is discovered that so much financial capital flight is experienced in African states. This is so because African nations lack the adequate technology of this age, managerial abilities that would enable them to explore and exploit their God given resources. However, the methodology used in the work is interdisciplinary approach. The findings are that there are a lot of fossil learing energy such as petroleum oil, natural gas and coal in abundant in African nations. These are found in countries such as Nigeria, Algeria Angola, Egypt, Sudan, Gabon, Equatorial Guinea, The Republic of Congo, Libya, Republic of South Africa. New oil wells are also be in a discovered and drilled in countries such as Ghana, Uganda, Kenya Mozambique etc. In the area of hydro-electric, Africa has the highest potential in the world. The combination of fossil fuels and hydro-electric is driving the African economies and provided jobs for youths and by extension added value to peoples lives. It concludes that energy and its generation is the heart-beat of every nation. Every nation needs energy. The issue of fossil fuel energy and its generation is business which affects the world, life would be meaningless without fossil fuel and its generation. Energy generation whether of fossil or water is the foundation for industrialization, science and technology. That the 21st century is driven by the fossil fuels, water, solar, wind and nuclear and to a lesser extent coal, and would remain so for a long time.

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