Power Africa is a whole of U.S. Government initiative that aims to increase access to sustainable electricity in all of sub-Saharan Africa. Launched in June 2013, Power Africa aims to add 30,000MW of cleaner, more efficient electricity-generation capacity while expanding power access with an additional 60 million new home and business connections through partnerships with African governments, multilateral organizations including the African Development Bank and the World Bank, private sector companies and other partners. At the U.S.-African Leaders Summit in August, 2014, President Obama announced a renewed commitment to Power Africa, and pledged a new level of $300 million in assistance per year to expand the reach of Power Africa across the continent.
Power Africa’s financial partners have committed to providing over $20 billion in project finance through direct loans, guarantee facilities, and equity investments. Power Africa is also supporting institutional and policy reforms needed to facilitate regional efforts to increase access to cleaner energy including support for East and West African power pools and regional energy trading.
In 2013 the Obama administration launched the Trade Africa initiative – a partnership between the U.S. and sub-Saharan Africa to increase internal and intra-regional African trade, and enhance economic ties among both regions and other global markets. In its initial phase, the program is focusing on expanding business relations with member states of the East African Community (EAC), which includes Burundi, Kenya, Rwanda, Tanzania and Uganda.