Africa’s macroeconomic landscape remains challenging, and 2024 was no exception. Political instability across West Africa, rapid currency devaluation in Nigeria and persistent inflation in Ghana are just a few examples that have tested the resilience of the continent’s business community. These issues, compounded by a slow post-COVID recovery, high sovereign debt levels and an increasingly polarised geopolitical environment globally, continue to shape the backdrop for 2025. However, despite these challenges, we are confident that the sustainable energy sector will continue to play a critical role in driving growth.

At Camco, our commitment to Africa’s development through sustainable energy remains unwavering. With over 30 years of leadership in the climate and renewable energy space, we are resolute that sustainable energy is a powerful engine for economic growth and job creation across the continent. We are deeply committed to building long-term relationships based on mutual benefit, which allows us to adapt and remain resilient in the face of adversity.

Looking ahead to 2025, we anticipate Africa’s renewable energy and energy efficiency sectors will see significant growth, driven not by political ideology, but by equipment cost reductions and increasingly mature supply chains that further enhance commercial viability. This trend is not just a positive for businesses within the continent’s commercial and industrial sector, but also for the broader population, since greater access to reliable, affordable energy fosters economic development and job creation, benefitting all.

The path forward will not be without its challenges, but we believe that the opportunities in Africa’s energy transition have the potential to be transformative. We are excited about the growth prospects and the positive impact we can make on the SME sector and the local communities they support across the continent. In 2025, we remain committed to playing a key role in this transition, supporting sustainable energy projects that will shape Africa’s future for decades to come.