The Africa TradeXchange is an exclusive, by invitation only, one day summit brought to you by Future Energy East Africa, which will bring together high-level government officials and key stakeholders from the East Africa power sector to present and share current & future opportunities, case studies and critical requirements for the development of East Africa’s power industry, supply chain and infrastructure.
The Eastern Africa region is endowed with a variety of energy resources requisite for sustainable development. These energy resources, which are widely distributed throughout the region, include hydro, wind, biomass, solar, geothermal, peat and fossil fuels.
Growth in real GDP is estimated at 3.6%, higher than the 3.1% for the global economy and 1.5% for the euro area. Africa remained the world’s second fastest growing economy after East Asia. In 2015, sub-Saharan Africa (excluding South Africa) grew faster than the continental average, at 4.2%, with East Africa leading the way at 6.3%. In 2015, total external flows to Africa were estimated at USD 208 billion confirming the world’s positive outlook on the continent.
- African Development Fund 11 has invested a loan of USD 42.89 million for Ethiopia and loan/grant of USD 54.79 million to co-finance the project with the Ethiopian Electric Power Corporation (EEPCo) and the Ministry of Economy, Finance and Planning Electricité de Djibouti
- Out of all infrastructure subsectors, power is reported to have the largest annual funding gap, at more than 70% of required funds for maintenance and new-build projects. Deloitte research shows that power sector projects by number make up a large share of infrastructure and construction sector projects at the regional level. This includes 44% of projects in Southern Africa and 39% of projects in East Africa in 2014.
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