We believe that for renewable energy investments to attain the necessary recognition, there should be adequate back-up systems that make their projects realize maximum potential. The region has been slow to take-up opportunities that have arisen in the wake of technological advancement in the relative sectors. This has the potential of making local economies lose income through future outbound remittances, lost income streams, and limited technological transfer. Limited technological transfer is tantamount to the creation of consumer economies, at a time when Africa must retain incomes to consolidate millennium development goals such as Vision 2030 and sustainable growth platforms.
We envisage a time when incomes for developing economies would be retained, through cost-cutting production strategies and measures and, a favorable balance of trade. This is what our idea of sustainable development would look like.
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