Africa: Giving power to the people
»US President Obama has pledged $7bn to building a more reliable electric power grid in sub-Saharan Africa through the Power Africa initiative - "the connection that's needed to plug Africa into the grid of the global economy". Power Africa is a five-year partnership between the US and the governments of Ethiopia, Kenya,Liberia, Nigeria, Tanzania and Mozambique, and it will also obtain $9bn from the private sector.
»GE Africa is teaming up with the US African Development Foundation to launch the Power Africa Off-Grid Energy Challenge (the Power Africa Challenge), a three-year, $2m challenge that will award 20 or more grants of up to $100,000 each to African organisations providing off-grid solutions that deploy renewable resources and power economic activities.
»Nigerian businessman TonyElumelu has backed the initiative with a $2.5bn investment pledge.
»The African Development Bank (AfDB) earmarked up to $3bin for Africa's power sector over the next five years. The African Development Fund (ADF) ADF contributed $1.4bn out of the Bank's $1.6bn over the last five years in the six priority countries' energy investments.
»Standard Chartered Bank is committing $2bn of new financing, more than 20% of the initial private sector contribution.It will work closely with US agencies, including the Export-Import Bank, the Agency for International Development (USAID) and the Overseas Private Investment Corporation (OPIC).
Mozambiquelostrevenuesof$67min 2012 due to illegal fishing of tuna and shrimp by foreign fishing vessels within its territorial waters, particularly the bays of Maputo and Sofala. It spends $2.3m a year on patrolling and inspection
FDI to Africa increased by 5% to $50bn in 2012. There were increases in FDI to North, Central and East Africa in 2012, but FDI to West and Southern Africa declined
There are 600 US companies operating in South Africa, which have created in excess 150,000 jobs
America has 51 embassies in Africa to China's 41, of which many are largely limited to commerce
Only 10% of Liberians have bank accounts: over 40% have mobile phones.
Orange customers now have access to Orange Mobile services at Total service stations in 13 African countries
Doodle for Google challenge