Obama signs Africa electricity initiative into law

 ›  ›  ›  ›  ›  ›  ›  › Obama signs Africa electricity initiative into law

Africa,Diaspora,Kenya,Kenya Diaspora News,News,People,Politics

Obama signs Africa electricity initiative into law

Share this
US President Barack Obama, who on February 8, 2016 signed into law a measure aimed at expanding electricity to millions of households in sub-Saharan Africa. PHOTO | SAUL LOEB |   AFP.

Obama signs Africa electricity initiative into law

President Barack Obama signed into law Monday a measure aimed at expanding electricity to millions of households in sub-Saharan Africa, a measure supporters say will save lives and accelerate growth on the continent.

The Electrify Africa Act, which unanimously passed the House of Representatives and Senate, leverages partnerships with the private sector in order to bring first-time electricity access to some 50 million people in underserved parts of Africa.

  • Virtually no new US federal funds are allocated for the project, which instead will use a system of loan guarantees to add 20,000 megawatts of electricity to the continent’s grid by 2020.
  • The law aims to build on a “Power Africa” initiative Obama promoted during a trip to Kenya in July.
  • It would see the investment of about $7 billion in US funds, largely financed through the US Export-Import Bank, in order to create 30,000 megawatts of clean energy generation. READ MORE

 

 

Obama signs Africa electricity initiative into law Reviewed by on February 9, 2016 .

US President Barack Obama, who on February 8, 2016 signed into law a measure aimed at expanding electricity to millions of households in sub-Saharan Africa. PHOTO | SAUL LOEB |   AFP. Obama signs Africa electricity initiative into law President Barack Obama signed into law Monday a measure aimed at expanding electricity to millions of

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SAMRACK MEDIA

SAMRACK PRESTIGE SERVICES (S.P.S)

Phone:Tel 781-888-8770

Email: samlibbi@gmail.com,
Email: Samlibbi@yahoo.com

Your Convenience is our Priority!

View Monthly Archives

Subscribe to our Mailing List

Page generated in 4.883 seconds. Stats plugin by www.blog.ca