Tag: Power Africa
The United States has cancelled $190 million in grants to this West African country under the "Power Africa" initiative in response to the nation's government's termination of a contract with a private utility provider.
Power Africa, a United States agency for international development, has 160 public and private partners who have committed $54 billion to double access to electricity in sub-Saharan Africa. CNBC Africa’s Jill de Villiers spoke to Andrew Herscowitz, Coordinator for Power Africa at the 25th Africa Oil Week in Cape Town.
This will be the largest private international investment in the power sector in Burundi in nearly 30 years.
Obama launched the initiative in 2013 with an initial investment of $7 billion, which aims to install 10,000 megawatts of new generation capacity, connect 20 million new customers, and improve electric reliability across the Sub-Saharan Africa.