Tag Archives: Power Africa
Power Africa: Latest News
Dana Sanchez, 1:43 pm AFKI Original
Barack Obama’s 2008 election as U.S. president inspired millions of Africans with hopes that strong ties to Kenya, country of his father’s birth, would mean increased U.S. involvement. Some believe Obama will leave office Jan. 20, 2017, falling short of those expectations. He has been blamed for not making African issues a top priority of his foreign policy. Others say he leaves a lasting legacy that will live on — especially in Africa’s young leaders.
Global Risk Insights, 12:13 pm
While the world electrification rate is roughly 84 percent, only 19 percent of the sub-Sahara Africa population is connected. The grid is unlikely to expand fast enough to satisfy demand. Pioneering business models relying on pay-as-you-go could push off-grid solar energy to reach 9 million African households by 2020. Despite the early success of off-grid solar energy access through pay-as-you-go payment models, challenges remain.
Staff, 6:29 pm
The Trump campaign made no mention of Power Africa in any campaign materials. The sole data point seems to be a 3-year-old tweet complaining that money going to Africa will be stolen, but one tweet from before the campaign doesn’t tell us much about future policy. Power Africa boosts American jobs by creating opportunities for U.S. companies. The Obama administration did bar public support for coal plants, which will likely be reversed by the new White House.
Power Africa’s Existential Crisis: Some Say It Has Fizzled, Others Say It Was Never Meant To Happen OvernightBy Dana Sanchez, 12:35 pm
U.S. agencies announced $1 billion in new Power Africa loans at the U.S.-Africa Business Forum, underway in New York. The goal of Power Africa was to persuade the private sector to tackle Africa’s power shortages, not simply provide a government handout, a stakeholder said. “When you are talking about infrastructure investments and power projects, you’ve got to have the ability to get way past the next election. And if you don’t, those projects probably aren’t going to happen,” another stakeholder said.
Dana Sanchez, 4:46 pm
Both the U.S. Democratic and Republican parties adopted official party policy platforms for the upcoming presidential election, but not much was said about Africa. U.S. party platforms are not binding, but special interest groups pore over them and use them to try and influence policies in future governments. Just 174 words of the Democratic platform are devoted to Africa, on the next to last page. The Republican party discussed Africa in 197 words in its party platform. It’s still early to tell if Obama’s legacy, Power Africa, will be an enduring success.
Kevin Mwanza, 5:24 am
Solar power investor in Africa have managed to make strides across the continent despite a glaring skill gap on the continent, thanks to increased demand for their products by a growing population and rising per capita income levels. According to a Solar Novus Today report, solar companies on the continent are enjoying booming sales as the cost of acquiring raw material drops due to technological advancement over the last decade.
Kevin Mwanza, 6:55 am
Power Africa was launched by the US first black President about three years ago with an aim to bring together African and donor governments, private companies and international financial institutions to tackle the staggering problem of energy poverty on the continent. According to the World Bank, more than half a billion people in sub-Saharan Africa do not have access to reliable, affordable electricity.
Staff, 9:26 am
Preparation of a legal framework that would help Ethiopia benefit from the “Power Africa” initiative is nearing completion, Ethiopia’s Ministry of Water, Irrigation and Electricity said on Thursday. Since Ethiopia is one of the beneficiaries of the program, preparation of a legal framework is nearing completion to practically implement the initiative, Wondimu Tekle, State Minister of Water, Irrigation and Electricity said.
Kevin Mwanza, 6:19 am
The off-grid solar bandwagon in Africa has gather quite some steam in the last half decade and is quickly becoming a force to reckon with in some rural parts of the continent that are far off their national electricity network. Due to high costs and slow technology adoption, solar power was for many years inaccessible to million in Africa who saw it as a potential solution to providing electricity.
Kevin Mwanza, 5:53 am
Plans by SkyPower, the world’s largest developer and owner of utility-scale solar projects, to donate two million free home solar kits in Kenya is likely to send shock waves in the off-grid market in the East African nation. In July, the company signed a landmark $2.2 billion agreement with the Kenyan government to develop a 1 gigawatt solar project.
- Real Estate