Power Africa Initiative

06-Nov-2014

US Treasury Secretary visits AfDB-financed power supply sub-station in Tanzania in the context of Power Africa

US Treasury Secretary Jacob Lew recently paid a visit to the Sokoine electricity supply sub-station in the Ilala District of Dar es Salaam, Tanzania. The expansion of the substation and the construction of at least one of its control rooms are among the many activities scheduled under the African Development Bank (AfDB)-financed Electricity V project in Tanzania. Electricity V will be implemented in Arusha, Dar es Salaam, Mwanza, and in the Shinyanga region of the country. The project consists of the construction of distribution networks, rehabilitation of substations, technical assistance...
07-Aug-2014

Washington summit considered major boost to U.S-Africa relations

After nearly a week of wheeling and dealing in Washington D.C., business leaders and policy makers from the United States and Africa are calling the first ever U.S.-Africa Leaders Summit an enormous success. Recognizing African Development Bank President Donald Kaberuka by name for his role in helping to boost business ties between the U.S. and Africa, President Barack Obama said, “We’ve joined with African governments, the African Development Bank, and the private sector -- and I will tell you, the response has exceeded our projections.” Obama went on to say that “projects and...
06-Aug-2014

AfDB, anchor partner of Power Africa - Enhanced partnership between the US and AfDB for Power Africa announced at the US-Africa Summit

As part of the US-African Leaders Summit, on Tuesday, August 5, 2014, African Development Bank (AfDB) Group President, Donald Kaberuka, reaffirmed the AfDB’s support to advance the Power Africa initiative, with a commitment of $3 billion over a 5-year period. This support was originally announced by the AfDB, as an anchor Power Africa partner on the continent, in July 2013. In 2013 only, AfDB interventions related to focus countries (Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania) amounted to over $600 million. Under the enhanced partnership announced Tuesday, the United...
23-May-2014

Strong partnership will boost power generation in Africa, officials say

The African Development Bank (AfDB) together with its partners in power generation in Africa have concurred that strong partnership will realise the Power Africa initiative. The remarks were made during the “Power Africa Roundtable” on Wednesday, May 21, at the Bank’s Annual Meetings in Kigali. The session focused on what could be the biggest challenges investors and financiers face when looking to invest in power projects in Africa. Alex Rugamba, the Director of the Energy, Environment and Climate Change Department at AfDB, said the Bank was proud to be part of the Power...
20-May-2014

US donates $3 million to African Legal Support Facility

The United States Agency for International Development (USAID) on Monday, May 19 signed a grant agreement to provide the African Legal Support Facility (ALSF) with financial support in the amount of US $3.0 million over a three-year period under the US Power Africa Initiative. The grant agreement was signed on the sidelines of the Annual Meetings of the African Development Bank Group (AfDB) in Kigali, Rwanda, by USAID’s Assistant Administrator for Africa, Earl Gast, and ALSF Director, Stephen Karangizi. The program is intended to support African countries in...
14-Feb-2014

AfDB affirms its support for Power Africa, with a commitment of more than US $600 million

The African Development Bank (AfDB) is proud to be an anchor partner of Power Africa, a five-year United States of America Presidential initiative aimed at supporting economic growth and development by doubling access to power in Sub-Saharan Africa. In fact, the Bank’s work with the US Government on African development issues spans four decades. The AfDB’s contributions to Power Africa run broad and deep, including contributions to the initiative’s focus countries in the form of investments, support for policy reforms, advisory services and guarantees. Last year alone, this support...
04-Jul-2013

President Barack Obama Underscores Africa’s Promise

“This is the last lap of my visit to Africa. At each stop, my paramount message has been that even if this continent is faced with great challenges, it is also a moment of promise and hope for Africa”. “Africa is a continent of hope”, declared  Barack Obama in a speech at a business forum on the 1st of  July  2013, in Dar-es-Salaam, in the presence of  his host, President Jakaya Kikwete  and  Donald Kaberuka, President of the African Development Bank Group. ”This is homage to the extraordinary determination and talents of Africans all over the continent, the...
03-Jul-2013

AfDB to Deepen Reforms that are Key to ‘Power Africa’ Success

The African Development Bank (AfDB) will, as part of its support for U.S. President Barack Obama’s Power Africa initiative, deepen and expand its work in reforming the energy sector. Already a major investor in the energy sector, the AfDB will scale funding for energy production, transmission and distribution infrastructure, cross-border power pools, as well as government policy and regulatory reforms. The Bank will particularly emphasize reforms for national power utilities, many of which are in need of better business models and financial reinforcement. “We expect to allocate as much...
02-Jul-2013

US President Obama praises the AfDB for Power Africa partnership

U.S. President Barack Obama has praised the African Development Bank (AfDB) for its partnership in his Power Africa initiative – which aims to double energy in sub-Saharan Africa within the next five years. “I want to thank the African Development Bank for its partnership, as well as many companies that have stepped up with commitments, including some here,” President Obama said on 1 July 2013 in Dar es Salaam, Tanzania  during  his Africa tour. “And I have to say, those who are involved in this process, they continually tell us the problem is not going to be private-sector...
27-Jun-2013

AfDB’s Kaberuka Heads to Tanzania: Energy in Focus

African Development Bank (AfDB): President Donald Kaberuka arrives in Tanzania at the weekend for the visit by US President Barack Obama, whose focus will include an initiative to foster economic growth and development in Africa through increased access to reliable, affordable, and sustainable power. The initiative is a multi-stakeholder partnership that brings together the United States, the African Development Bank and six African countries. It is designed to increase access to electricity, raise cross-border trade in energy, and promote efficient management of energy resources. The US...
26-Jun-2013

US-Africa Cooperation: Focus on Sustainable Development Outcomes

In its cooperation with Africa the United Sates focuses on sustainable development outcomes based on economic growth, democratic governance, and sustainable systems for meeting basic human needs and food security. The U.S. government emphasizes the critical role good governance plays in development. In January 2012 the U.S. Agency for International Development (USAID) launched a major effort to move 30 per cent of its funding to the private sector, entrepreneurs and local civil society organizations in Africa to promote private sector-led development and to form innovative and high-impact...