Africa Specialty Risks sees Africa leading global renewable energy transition

By David Whitehouse
Posted on Monday, 12 September 2022 09:30

Solar power array installation in Lamberts Bay, South Africa. Schalk van Zuydam/AP/SIPA

Africa is set to achieve a quicker transition to renewable energy than any other continent, Mikir Shah, CEO of reinsurer Africa Specialty Risks (ASR), tells The Africa Report.

Shah is Kenyan and a former CEO of AXA Africa Specialty Risks. His role in Africa-focused reinsurance gives him a unique perspective on energy investment and projects on the continent. He has been seeing an increase in enquires related to solar, wind, geothermal and hydro-electric power projects. Solar is leading the way, with interest spread broadly across the continent.