Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Power Africa: US on track to fulfill $7bn commitment 

    Power Africa: US on track to fulfill $7bn commitment 

    September 28, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Electricity transmission.
    *Electricity transmission.

    28 September 2016, Sweetcrude, Abuja – Three years after the launch of Power Africa by President Barack Obama to bring about increased access to electricity in the continent, the United States is on track to fulfill its initial $7 billion commitment, according to Power Africa partners.

    The US had pledged $7 billion initial commitment over five years as part of its contribution to drive the initiative. Experts said the US government has now nearly released the entire amount to the project.

    At the recent US-Africa Business Forum, the US government and its Power Africa partners announced several new milestones across dozens of energy projects and transactions.

    These commitments – totalling more than $1 billion worth of debt and finance – will advance deals that aim to provide access to electricity across sub-Saharan Africa.

    Power Africa partners, including African governments, multilateral and bilateral partners, and more than 130 private sector partners are helping to maximise our impact and accelerate private sector investment in renewable energy.

    The US government’s initial $7 billion commitment has mobilised more than $52 billion in additional external commitments, including more than $40 billion in private sector commitments to invest in power generation and distribution across sub-Saharan Africa.

    The US African Development Foundation, USADF, announced 20 new $100,000 grants for African energy entrepreneurs in the newest round of the Off-Grid Energy Challenge. These winners are innovating, using renewable technologies from solar micro-grids to biogas, to bring electricity to rural communities living far from the national grid.

    Related News

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    Akwa Ibom, REA partner to expand rural electrification access

    Genesis Energy and Desert Technologies sign Strategic Collaboration Agreement

    E-book
    Resilience Exhibition

    Latest News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    June 29, 2025

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    June 29, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 29, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 29, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 29, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.