But things are changing. This week, Angola, Africa’s third-largest economy, signed a deal with GE to supply the final 200 megawatts (MW) of power needed to meet the government’s goal of installing 1 gigawatt (GW) of new power generation capacity by the end of 2018.
The capital's lack of reliable power is making it hard for the business to operate. Every time the power goes out, its machines grind to a halt. Dough gets ruined. Cookies are underbaked. These interruptions are costing the company the equivalent of thousands of dollars in wasted ingredients.
In cultures that equate success with higher education, how can you foster wider entrepreneurship? Mary Olushoga, AWP Network founder, describes how a business plan competition backfired and what the real lessons are to encourage innovation.
The president spoke at the forum again this week in New York during the meeting of the U.N. General Assembly to celebrate the accomplishments of past two years.
Many nonprofits that seek additional funding navigate a complicated balancing act when providing fee-for-services. Julia Roig, president of PartnersGlobal, which supports local civic leaders in more than 50 countries, and Kehinde Togun, deputy director of the group’s Sub-Saharan Africa programs, recently scaled up support for nonprofits making this shift in West Africa.
Much work remains to be done to ensure reliable electricity access for Africa's citizens. A number of complications are making it difficult to achieve this UN Sustainable Development Goal. Yet access rates are expanding in many nations, and technology and design improvements offer opportunities to make rapid leaps forward.
Diversifying developing economies require a social compact, Ngozi Okonjo-Iweala, the former finance minister of Nigeria, explains in a CGD podcast.
Cared for by her grandmother in a village in Nigeria, Ngozi Okonjo-Iweala is emphatic that her experiences as a child are what led her into a career in public service and development.
“I lived some of the issues that people are concerned about in development,” she explains in a Center for Global Development podcast.
Three years into the U.S. Power Africa initiative, a roadmap is in place to connect 60 million to electricity by 2030 — and empower people across the continent.
Africa boasts some of the world’s fastest-growing economies, but its growth potential is limited by poor energy infrastructure, with only a third of the population of Sub-Saharan Africa having access to power.