3psmars

Sunday 08.09

°C
HomeExplore3PSMARS AnalyticsReading

Obama approves Africa Electricity Plan

US President Obama signs Africa electricity plan into law

US President Obama signs Africa electricity plan into law – US President Barack Obama has signed into law an initiative aimed at bringing electricity to 50 million people in sub-Saharan Africa by 2020.

The Electrify Africa Act of 2015 will give legal backing to Mr. Obama’s flagship Power Africa scheme, which is trying to improve access to electricity through public-private partnerships.

It took nearly two years to be passed in both houses of the US Congress.

About two-thirds of people in Africa do not have access to reliable power.

Observers say the new legislation is likely to ensure that the scheme continues even after Mr. Obama leaves the White House in 2017.

The scheme has set itself the long-term target of doubling electricity access in sub-Saharan Africa.

The legislation would “improve the lives of millions in sub-Saharan Africa by helping to reduce reliance on charcoal and other toxic fuel sources that produce fumes that kill more than HIV/Aids and malaria combined,” said House Foreign Affairs committee chairman Ed Royce, a long-time supporter of the initiative.

It would also “promote the development of affordable and reliable energy”, he added, in a statement on Monday.

Management consultant firm McKinsey estimates that it will cost $835bn (£575bn) to connect the entire continent’s population to electricity by 2030.

Aside from the US government, African governments, development partners, and the private sector are all involved in the Power Africa scheme.

The US government has made financial commitments of $7bn to support the scheme, which it says in turn has drawn a further $43bn in investment pledged from other public and private partners.

Obama approves Africa Electricity Plan Courtesy: BBC News Africa 



Related Content

3PSMARS Analytics

6/12/2015

Energy storage paves way for electricity independence

Demand for electricity from national grids would fall sharply with the widespread adoption of energy storage.

3PSMars Admin

People's Parliament

8/7/2022

Six Questions African Policymakers Must Answer Now

Six Questions African Policymakers Must Answer Now – Essay by by Ngozi Okonjo-Iweala The “Africa rising” story of the past decade, fueled by 5 percent average annual growth, is in danger of faltering, due to the impact of global uncertainty, depressed commodity prices, and weakly performing economies like China. Don’t be lulled by the IMF’s 2016 forecast: yes 4 percent growth will outperform global expectations, but continued commodity price volatility and global uncertainty are giving rise to a fresh bout of Afro-pessimism. To change the narrative, and — more importantly — the reality it describes, African policymakers must urgently answer these six questions.

3PSMars Admin

3PSMARS Analytics

7/28/2015

Obama: Africa’s Progress Dependent on Development, Democracy

US President Barack Obama (L), alongside African Union Chairperson Nkosazana Dlamini Zuma (C), and Ethiopian Prime Minister Hailemariam Desalegn, arrives to speak about security and economic issues and US-Africa relations in Africa at the African Union

3PSMars Admin

3PSMARS Analytics

2/9/2016

In Somalia, food security and malnutrition situation is ‘alarming’

In Somalia, food security and malnutrition situation is ‘alarming’ – UN report – According to a new United Nations food security and nutrition assessment, the situation in Somalia is alarming and could get worse, especially in parts of Puntland and Somaliland, which have been hard hit by drought exacerbated by El Niño.

3PSMars Admin