Congratulations to the winners of the Milken-Motsepe Prize in Green Energy!
The Milken-Motsepe Prize in FinTech is now open for registration!
Why Green Energy?

Why Green Energy?

A lack of access to reliable electricity in many sub-Saharan countries is one of the most serious obstacles to economic growth. To achieve SDG 7 in Africa, energy generation capacity will need to double by 2030 and be multiplied fivefold by 2050. Currently in Africa, only 58% of the continent’s population has access to electricity, leaving more than 600 million Africans without access to electricity, despite progress in recent years. Excluding South Africa, nearly one billion people across 48 countries in sub-Saharan Africa share roughly the same generation capacity as Germany, which has only 83 million people. And Africa’s population is set to exceed 2 billion by 2040.

Even for those Africans with some access to electricity, reliable access remains a major problem. Many African countries experience recurrent electricity outages and interruptions in service (load shedding) due to unreliable grids, constraining GDP growth in some countries by 2-4% annually. According to some estimates, about two-thirds of Africa’s existing grids are considered unreliable.  Over 70 percent of African businesses experience regular electrical outages—the highest percentage for any world region—and African firms report that, on average, about 30 percent of their electricity comes from generators, producing excessive amounts of carbon emissions and requiring over $13 billion in unnecessary spending on diesel and petrol. 

While African countries have contributed almost none of the world’s cumulative greenhouse gas emissions, there is a growing consensus that Africa can become a global leader in the green energy transformation, as part of a broader energy strategy to power economic development on the continent. At present, however, only 9 percent of Africa’s current energy supply comes from renewable sources.  An underlying motivation of the Milken-Motsepe Prize in Green Energy is that new sources of reliable, sustainable electricity can help advance progress across the full range of United Nations Sustainable Development Goals (UN SDGs), by helping expand access to quality education and safe housing, for example, and by powering agricultural innovations that can expand food security.

More News

Milken-Motsepe Green Energy Prize
News clips

Smart Agri-Centres A-Game Business Podcast with Zoë Slattery | SVRG

Zoë Slattery is an Engineering Project Manager at the Smart Villages Research Group (SVRG). SVRG focuses on using energy as a catalyst for development impact across sustainable development goals. Their surveys found that after only one year a community with a Smart Agri-Centre almost quadrupled its profits. In this episode, learn more about the role she plays in this innovative organization and how their Smart Green Centres are helping communities and growers to power up their lives and to boost their business’ viability with sustainable green energy. Watch the interview here.

Read More »
Milken-Motsepe Green Energy Prize
News clips

A-Game Business Podcast with Randy Kabuya of OMNIVAT

Randy Kabuya, Deney van Rooyen, and Sifiso Mvulane are the co-founders of Omnivat. They are one of the finalists of the Milken-Motsepe Prize in Green Energy Competition. Omnivat focuses on affordable, sustainable, clean energy, clean water, rural livelihoods and economic development, localised modular solutions using community-centered approaches. Their innovation is a community-centered solution relying on solar PV and green hydrogen technology, providing clean energy, clean water, cold storage, and Wi-Fi to even the remotest locations. Tune into this episode to learn more about how they are changing the world. Watch the interview here.

Read More »
Milken-Motsepe Green Energy Prize
News clips

A-Game Business Podcast with Dr. Jonathan Wilson of Aftrak

Aftrak is a groundbreaking initiative that combines solar microgrids and tailored tractors to empower smallholder farmers across Africa. It aims to significantly increase crop yields and smallholder incomes while providing access to clean, green electricity in rural communities. Watch the interview here.

Read More »