Analysis

Financing For Nuclear Power In Africa ‘A Challenge’, But SMRs Might Offer Solution

By David Dalton
4 August 2025

IAEA calls for commitment to build multiple plants within single country or across region

Financing For Nuclear Power In Africa ‘A Challenge’, But SMRs Might Offer Solution
Egypt is building a four-unit nuclear power station at Akkuyu, expected to be ready by 2028. Courtesy Rosatom.
Financing nuclear power projects in African countries remains a major challenge, but small modular reactors (SMRs) particularly could provide a flexible and cost-effective solution requiring lower upfront investment, the International Atomic Energy Agency (IAEA) has said.

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