"Top 10 African countries with the highest cost of electricity in 2023"

" Top 10 African countries with the highest cost of electricity in 2023 \r\n\r\n \r\n\r\nAccording to\u00a0 Yahoo Finance,\u00a0 the world\u2019s electricity market is currently valued at over $1.94 trillion and is projected to reach $3.9 trillion in 2032.\r\n\r\n \r\n \r\n\r\nThis projection is a result of an estimated rise in demand for electricity, expected to spike by a 3.3% year-on-year increase.\r\n\r\n \r\n \r\n\r\nThis growth would be driven by population increase, and economic development with the industrial, residential, and commercial sectors as the primary consumers. On this note, it is important that Africa addresses the challenges plaguing its power industry so as to mitigate costs and maximize revenue.\r\n\r\n \r\n \r\n\r\nWhile on a global scale, Africa boasts relatively low electricity costs, there still exist regions whose prices are relatively high compared to household incomes. There also exists a lack of adequate electricity supply, highlighting a need for energy concerns to be addressed.\r\n\r\n \r\n \r\n\r\nThe high cost of electricity in Africa is a multifaceted challenge that requires a comprehensive approach. Juxtaposed against the average household income, state of electricity infrastructure, and lack of access to electricity, the high cost of electricity can create a significant strain on the economy of the regions most affected.\r\n\r\n \r\n \r\n\r\nBelow are ten of these regions with the highest electricity prices.\r\n\r\n \r\n \r\n\r\nThis list is courtesy of\u00a0 Global Petrol Prices,\u00a0 a platform that publishes up-to-date information on retail energy prices around the world including motor fuel prices, electricity prices, and natural gas prices.\r\n\r\n \r\n \r\n\r\nThe data set was last dated March 2023. With that said, below are the African countries in 2023 with the cheapest electricity prices in kilowatts per hour.\r\n\r\n \r\n \r\n \r\n \r\n \r\n Rank \r\n Country \r\n Price of electricity (kilowatt\/hour) \r\n Global rank \r\n \r\n \r\n \r\n \r\n 1. \r\n Cabo Verde \r\n $0.316 \r\n 20th \r\n \r\n \r\n 2. \r\n Mali \r\n $0.219 \r\n 37th \r\n \r\n \r\n 3. \r\n Rwanda \r\n $0.207 \r\n 42nd \r\n \r\n \r\n 4. \r\n Burkina Faso \r\n $0.206 \r\n 43rd \r\n \r\n \r\n 5. \r\n Gabon \r\n $0.205 \r\n 44th \r\n \r\n \r\n 6. \r\n Togo \r\n $0.194 \r\n 48th \r\n \r\n \r\n 7. \r\n Senegal \r\n $0.183 \r\n 52nd \r\n \r\n \r\n 8. \r\n Kenya \r\n $0.172 \r\n 56th \r\n \r\n \r\n 9. \r\n Uganda \r\n $0.170 \r\n 58th \r\n \r\n \r\n 10. \r\n Sierra Leone \r\n $0.155 \r\n 65th \r\n \r\n \r\n \r\n \r\n \r\n \r\n "

"Top 10 African countries with the highest cost of electricity in 2023"

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