Obama fund showers Kenyan green energy Sh650 million in grants

While still President, Mr Obama launched Power Africa as a policy tool to unlock and activate investments in the continent’s energy space as a way of driving out energy poverty.

“Through the US Trade and Development Agency, Power Africa has provided grants and assistance worth $6.5 million (Sh650 million) to support development of eight new energy projects totalling 281 MW in Kenya,” the agency said. The initiative rallies like-minded institutions and private investors towards energy financing and development in Africa, through implementation of new green projects and upgrade of existing ones for optimal output.

Full article: Energysiren

 


 

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