Over 5 years, US Power Africa Initiative injected $2.4bn in 9 African countries, Togo included

Energy
Wednesday, 07 March 2018 15:10
Over 5 years, US Power Africa Initiative injected $2.4bn in 9 African countries, Togo included

(Togo First) - Under its national electrification strategy, in rural areas particularly, Togo’s government benefited from US support through the US Power Africa Initiative.

US organization, Overseas Private Investment Corporation (OPIC), in fact informs that over the past 5 years, $2.4 billion were granted to nine African nations, namely South Africa, Togo, Ghana, Guinea, Nigeria, Kenya, Senegal, Tanzania and Zambia.

Launched in 2013 by US former President Barack Obama, US Power Initiative is a five-year program resulting from a multi-States agreement between US, benefiting countries and the African Development Bank (AfDB). The latter, in the framework of the project, provided involved countries investment loans, support for implementing reforms but also guarantees and advices.

This program should in the long run generate an additional 7,400 MW of electricity in Africa and benefit about fifty million people.

In Togo, besides the US support there is the Ci-Zo project initiated by the President himself. In its framework, mini solar plants will be installed all over the country and it will bring national electrification rate to “50%, by 2020, and 90% in 2030”.

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