Breaking: Power Africa, U.S. Government-led Initiative To Double Access To Electricity In Sub-Saharan Africa, Releases Annual Report


Power Africa, a United States Government-led initiative to double access to electricity in sub-Saharan Africa, where most people still live without electricity, has released its annual report.

About 150 public and private sector partners through the initiative have collectively committed more than $54 billion towards achieving Power Africa’s goals.

The 2017 report highlights efforts being made by Power Africa to lay the foundation for sustainable economic growth in Africa while creating opportunities for American businesses.

The report said progress continues to be made towards its goals of increasing installed generation capacity by 30,000 megawatts (MW) and adding 60 million new electricity connections by 2030.

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Since its inception, Power Africa has facilitated the financial close of power transactions expected to generate more than 7,200 MW of power in sub-Saharan Africa. The 80 Power Africa transactions that have concluded financing agreements are valued at more than $14.5 billion, and Power Africa projects have generated more than $500 million in U.S. exports. In addition, Power Africa has facilitated more than 10 million electrical connections, which have brought electricity to more than 50 million people for the first time.

The report also highlights the role of women in Africa’s power sector, by chronicling the contributions of select members of Power Africa’s Women in African Power (WiAP) network.

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Press Release
This is an official press statement republished by Today News Africa as received. As Africa's leading newspaper in the United States registered and headquartered in the District of Columbia, our mission is to provide answers to questions our readers have about the continent of Africa in many areas, including business and investment, economy, environment, tourism, politics, human rights, climate change, and much more.

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