JOHANNESBURG: AFRICAN business and political leaders will in January converge in the United States for a key meeting to promote investments into Africa’s power sector. The leaders will meet American power developers under the auspices of the Powering Africa: Summit, scheduled for Washington from the 27-29th.
The aim of the meeting is to drive forward strategic partnerships between investors, project developers, governments, utilities and regulators to achieve the goal of bringing power to Africa. Industry leaders from the USA and Africa who have confirmed to attend include Jeannot Matadi Atadi Nenga Gamanda (Minister of Energy and Water Resources, DRC), Minister Obeth Kandjoze (Minister of Energy and Minerals, Namibia), Andy Herscowitz (Co-ordinator, Power Africa and Trade Africa), Anita Marangoly George (Senior Director, Energy and Extractives, The World Bank Group) and Karen Breytenbach, Head of IPP Office, Department of Energy, South Africa.
Programme Manager Veronica Bolton-Smith said PA:S was a valuable platform as it enabled dialogue between key stakeholders and developers, chiefly heads of African utilities, US-based private equity houses and wealth management establishments. Following a surge of private equity interest across Sub-Saharan Africa, PA:S will explore the power and infrastructure projects currently piquing the interest of investors, including the gas to power supply chain.
The first meeting, held in January 2015, saw 17 African countries represented with 57 percent of attendees originating from North America.
SOURCE: CAJ NEWS AGENCY