Africa Pledges $35 Billion for Unprecedented Electrification Drive
African leaders, together with global financialists, summoned at Damana Salam, Tanzania, promising $ 35 billion for electrification, which is the largest investment in African power. With the support of the World Bank and African Development Bank, the initiative aims to provide electricity for 300 million people within six years, focusing on solar mini recruitment in the community in lack of services. Ajay Banga, President of the World Bank, emphasizes the key connection between power and economic development. It is crucial to employment, health care and stability. However, driven by the challenges of the African authority, suspicion still exists. A warning story comes from Tanzania. As the government’s pricing policy is unsustainable, the solar mini -sect developer Husk Power Systems quit the story. Although Tanzania is a market commitment, inconsistent incentive measures have hindered progress and emphasized that effective policies need to achieve the ambitious goals of the summit.
source: “New York Times”
