{"id":5645,"date":"2021-06-22T17:50:53","date_gmt":"2021-06-22T17:50:53","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/?p=5645"},"modified":"2021-06-22T17:13:08","modified_gmt":"2021-06-22T17:13:08","slug":"eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa","title":{"rendered":"ECA Emphasizes Criticality of Private Sector Investment to Achieve SDG 7 in Africa"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/ethiopia\">Ethiopia<\/a>. <\/strong><\/span>June 22\/2021 (ENA) The criticality of private sector energy generation investments in Africa to attain the Sustainable Development Goal (SDG) 7 was emphasized today at an online ministerial session on trends of energy prices in Africa.<\/p>\n<p>ECA Executive Secretary, Vera Songwe noted on the occasion that investment in energy sector is critical for Africa.<\/p>\n<p>She especially emphasized the need to encourage energy generation investments by the private sector and the proper management of energy pricing to stabilize price mount in many countries.<\/p>\n<p>\u201cAt the ECA, we are pushing for more renewable energy investments in Africa,\u201d Songwe pointed out, adding that COVID-19 has been a major constraint to undertake tasks.<\/p>\n<p>Investment in electricity was also raised at the meeting as a critical instrument for African countries to achieve the 2030 SDG 7 target.<\/p>\n<p>Reports indicate that Africa may not achieve the SDG 7 targets by 2030.<\/p>\n<p>The continent is expected to generate 250GW up to 2030 and invest 40 billion USD, it was learned.<\/p>\n<p>The report presented by ECA, however, stated that 24 of the African countries have less than 50 percent electricity access.<\/p>\n<p>More than 600 and 900 million people in Africa have no access to electricity and clean cooking respectively, and biomass dominates energy, especially in rural areas.<\/p>\n<p>Goal 7 of the SDGs aims to correct the enormous imbalance by ensuring everyone\u2019s access to affordable, reliable, and modern energy services by enhancing energy efficiency and investments in renewable energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ethiopia. June 22\/2021 (ENA) The criticality of private sector energy generation investments in Africa to attain the Sustainable Development Goal (SDG) 7 was emphasized today at an online ministerial session on trends of energy prices in Africa. ECA Executive Secretary, Vera Songwe noted on the occasion that investment in energy sector is critical [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":5644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[233,277,235],"class_list":["post-5645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ECA Emphasizes Criticality of Private Sector Investment to Achieve SDG 7 in Africa - Ethiopia<\/title>\n<meta name=\"description\" content=\"June 22\/2021 (ENA) The criticality of private sector energy generation investments in Africa to attain the Sustainable D ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECA Emphasizes Criticality of Private Sector Investment to Achieve SDG 7 in Africa\" \/>\n<meta property=\"og:description\" content=\"June 22\/2021 (ENA) The criticality of private sector energy generation investments in Africa to attain the Sustainable D ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-22T17:50:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/06\/img-60d21a09bf748.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"151\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ECA Emphasizes Criticality of Private Sector Investment to Achieve SDG 7 in Africa\",\"datePublished\":\"2021-06-22T17:50:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa\"},\"wordCount\":243,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/06\/img-60d21a09bf748.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/eca-emphasizes-criticality-of-private-sector-investment-to-achieve-sdg-7-in-africa\",\"name\":\"ECA Emphasizes Criticality of Private Sector Investment to Achieve SDG 7 in Africa - 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