World Bank commits $5bn to power Africa

The World Bank has committed to providing $5 billion (£2.9bn) for energy projects in six African countries. The cash will be used to boost electricity generation in Ethiopia, Ghana, Kenya, […]

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By Priyanka Shrestha

The World Bank has committed to providing $5 billion (£2.9bn) for energy projects in six African countries.

The cash will be used to boost electricity generation in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania – all of which have partnered with US President Barack Obama’s ‘Power Africa’ initiative, which aims to double the number of people with access to power.

Around 600 million people currently have no access to electricity despite Africa possessing some of the world’s largest hydropower, geothermal, wind and solar potential as well as significant oil and natural gas reserves, according to the World Bank.

Makhtar Diop, the World Bank’s Vice President for Africa said: “Those countries with abundant geothermal, gas, hydro, solar and wind resources can feed their excess power supply into a common pool while neighbouring states with less energy and generation capacity can benefit from this integrated approach to delivering electricity to their people.”