Modern geological data clearly defines Africa as being rich with its mineral and energy resources. Besides the proved reserves in North Africa, the new discoveries occurring day by day, it seems that almost two-thirds of gas discoveries volume is located in sub-Saharan Africa including Ghana, Angola, Mozambique and Tanzania. Despite all this wealth, Africa is unfortunately a crucible for access energy inequalities, as it is estimated that out of 1.2 billion people in the continent, half of them are deprived from different energy sources for their domestic needs. Regardless its enormous water potential, Africa on the other hand, has exploited only 5% of hydropower.
Moreover, all the discovered deposits in Africa are undervalued by default for the benefit of the many avid multinational firms towards the great potential of Africa; this latter is unable to capitalize on this wealth, for a real socio-economic transformation.
The continent has many agencies responsible for projects’ consolidation and the inter-African cooperation like the African Petroleum Producers’ Association (APPA), and the African Energy Commission (AFREC), which remain weakly active and have low influence on the ground.
With its proven energy potential, and the promising prospects for renewable energies (solar and wind), Algeria, as an African country, is solicited in two major sub-regions, which are its Mediterranean zone and sub- Saharan Africa, in order to ensure the European energy supply, but also to connect its existing facilities to the rest of the continent, just like the Trans-Saharan Gas Pipeline «TSGP», and the breakthrough of Sonatrach in Africa.
The fact that the African potential which is considered an Eldorado for some, but unluckily a focal point of conflicts for others, leaves one wondering; is it the other side of the coin when this wealth becomes a curse?