Africa50 partners Power Africa and leverages more funding for Africa’s electricity sector

Power Africa and Africa50 have just signed a memorandum of understanding in a new partnership for the mobilization of financing in the electricity sector. The collaboration will also focus on developing models of innovative public-private partnerships in sub-Saharan Africa.

“Electricity generation and distribution are among the most important infrastructures for Africa because of their multiplier effect on economic development. The successful development of energy projects requires collaboration between the various stakeholders. We are pleased to be working with the Power Africa Initiative and look forward to working with member companies and organizations to implement such projects on the continent, “ said Koffi Klousseh, Director of Project Development. at Africa50.

Launched in 2013 by US President Barack Obama, Power Africa is an initiative that supports the development of Africa through improved access to electricity.

Africa50 is an infrastructure investment bank in Africa that focuses on the energy, water, transport and communication sectors. She becomes the 19 th development partner to join the Power Africa initiative.

 

Source: Agence Ecofin

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