Africa abounds with mineral resources, clean energy resources and fast-growing labor force, which makes it a region with the most economic development potential across the globe. In the new phase featured by industrialization and regional integration, Africa has ushered in a rare development opportunity while being challenged by arduous task of realizing sustainable development in recent years. Therefore, Africa calls for a comprehensive economic development strategy and plan, an innovative development model, as well as a solution to energy shortage in the process of industrialization, thereby achieving its sustainable development.
On the basis of in-depth research into Africa’s economic and social development, Global Energy Interconnection Development and Cooperation Organization (GEIDCO) has proposed a new development model for the co-development of electricity, mining, metallurgy, manufacturing and trade. Based on Africa’s abundant, high-quality clean energy and mineral resources, this would accelerate the development of large clean energy bases, advocates grid interconnection at the cross-border, cross-regional and intercontinental level, promote large-scale exploitation and allocation of clean energy resources, along with their efficient consumption, and forge an industrial chain featuring coordinated development of electricity, mining, metallurgy, manufacturing and trade. Via adopting this model, Africa would foster a virtuous“investment-development-production- export-reinvestment”cycle, boosting high-quality economic growth and securing increased economic benefit, and would thus embark on a path of sustainable development.
Acceleration of the establishment of Africa Energy Interconnection is critical to the realisation of the co-development of electricity, mining, metallurgy, manufacturing and trade model. To this end, efforts should be made to develop hydropower and other clean energy resources, facilitate the construction of cross-border and cross-regional interconnection infrastructure, and to ensure clean, reliable and cheap energy supply across Africa. These would become a force driving Africa’s industrialization and regional integration, assisting the continent to achieve the goals set out in the 2030 Agenda for Sustainable Development and African Union’s Agenda 2063, promoting its independent sustainable development, and advancing the establishment of a community for humanity’s common future.