Which countries are emerging as Africa’s energy investment hotspots?

Africa’s energy investment landscape is evolving fast but a few countries are clearly leading the charge. With billions flowing into select markets, the gap between investment leaders and laggards is widening. Curious where the real action is? Here's a preview of the hotspots reshaping Africa’s energy future.

Africa’s power sector is buzzing with investment potential but not all countries are reaping the benefits equally. While the continent faces a staggering $200 billion annual investment gap to meet its 2030 energy and climate goals, a handful of nations are successfully capturing the lion’s share of capital.

So where is the money going?

According to the Africa Energy Investment Playbook, four countries: South Africa, Morocco, Egypt and Kenya accounted for 75% of all renewable energy investments in Africa between 2010 and 2020. These investment hotspots are standing out for their stable policy environments, mature infrastructure, and robust pipelines of solar, wind, and geothermal projects.

South Africa leads the pack with over $22 billion in private sector investment, driven by a strong push into renewables. Egypt is close behind, not only for its solar and wind growth but also for its ambitious green hydrogen agenda. Kenya is positioning itself as a geothermal leader, while Morocco’s hybrid approach to renewables and fossil fuels continues to draw serious attention.

What about other rising players? Countries like Ghana, Zambia and Mozambique are starting to show strong momentum, and their strategies are worth watching.

But this is just the surface.

The full Africa Energy Investment Playbook dives deeper into each of these markets—with exclusive data, investment figures, and market-specific insights to help you identify where your next opportunity could be.

Ready to explore Africa’s real energy investment potential?
Download the Africa Energy Investment Playbook for detailed market snapshots, funding trends, and the strategies behind the continent’s fastest-moving power markets.