New power platform to boost electricity generation in Africa and mobilise US$1bn

Aga Khan Fund for Economic Development (AKFED), Industrial Promotion Services (IPS) and CDC Group plc to develop and invest in power projects in sub-Saharan Africa, mobilising project funding of over US$ 1billion.

CDC, alongside AKFED and its industrial and infrastructure development arm, IPS, today launched a new joint power platform that will boost power generation in sub-Saharan Africa, accelerating economic growth and impacting millions of people in the region.

The joint platform will house IPS’s existing power projects in Kenya and Uganda, and will focus on new power projects in greater East Africa (including Democratic Republic of Congo (DRC), Mozambique, and Madagascar) and West Africa.

Learn more about this platform.