Africa’s Power and Energy Transition Investment Report 2025

The annual report tracks where capital meets electrons across Africa’s power system, mapping capital flows, business models, and infrastructure build-out.
$13.84 billion of tracked deal value across 306 deals in 43 countries, backed by 142 investors, with big-ticket electricity transactions setting the tone for the year.
Clean Electrons dominated, reaching $13.61 billion across 279 deals in 43 markets, representing 3% of total tracked deal value.
Within Clean Electrons, capital is concentrated in Generation ($8.15 billion) and Enablers ($2.41 billion), with Grid and Networks ($1.56 billion) and Access ($834 million) following, while Storage and Flexibility ($666 million) remained selective.
The year was anchored by a small number of large tickets, including Geregu Power ($750 million), OCP Programme ($520 million), and the AfDB Nigeria reform package ($500 million).
AfDB ($1.77 billion), World Bank ($1.05 billion), and Standard Bank ($922 million) led volume, while the top 10 investors accounted for $7.42 billion across 112 deals in 34 countries.
On the project side, EI tracked 322 projects across 47 countries, with 74,461 MW of total capacity announced and 14,589 MW recorded as installed capacity in 2025, highlighting a widening gap between what is announced and what is deliverable.