(Ecofin Agency) - Power Africa reaches a deal with Africa50 to raise funds for the electricity sector in Africa. The collaboration will also focus on the development of innovative public-private partnership models in sub-Saharan Africa.

“Energy generation and transmission are among the most pressing infrastructure needs in Africa, with important economic multiplier effects. To successfully develop energy sector projects requires collaboration among all stakeholders, so we are pleased to partner with the Power Africa initiative and look forward to working with its experienced member companies and organizations to implement power projects on the continent,” Koffi Klousseh, Africa50’s Project Development Director, said.

Launched in 2013 by US President Barack Obama, Power Africa is an initiative that supports Africa's development by improving access to electricity across the continent. Africa50, for its part, is an infrastructure investment bank in Africa that focuses on the energy, water, transport and communication sectors.

Gwladys Johnson Akinocho