WB to Invest in Electricity Production

The World Bank announces that it will allocate US$5 billion in aid to Africa to help the continent optimise its potential for electricity production

This summer, the World Bank announced that it will allocate US$5 billion in aid to Africa to help the continent optimise its potential for electricity production. The initiative focuses on hydroelectric power, among other sources.

Although its regional economies are expanding rapidly, Africa still suffers from significant deficiencies in electrification, a factor which hinders development.

There is a plethora of initiatives both private and public aiming to increase access to electricity, but the scale of the task at hands is daunting.

To read the article titled, “Less than 10 percent of rural sub-Saharan Africans have access to electricity. what's being done to change that?,” click here.

Source: 
Global Voices Online

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