Meeting MDGs takes energy
GOVERNMENTBy BiztechAfrica - Oct. 18, 2012, 10:26 a.m.
World Bank Africa Vice President Makhtar Diop has highlighted the importance of affordable power in meeting Africa’s MDGs.
Speaking at the IMF/World Bank Annual Meetings event this week, Diop said: “We will not achieve the MDGs, we will not have growth, we will not have inclusive growth in our continent if we don’t work towards this objective of bringing electricity at an acceptable price, at a price which is consistent with the political economy at the level of development for our countries and therefore have inclusive, sustainable and peaceful growth in Africa.”
He noted: “Without energy, it’s not possible for a health clinic to work in remote areas in Africa. Without energy, it’s not possible for our kids to learn because they will not be able to learn in the evening. Without energy, it’s not possible for the woman, who is walking 10 kilometers a day to fetch water in remote Tanzania or remote Senegal, to be able to reduce the time she spends getting water. Without energy, it's not possible to give signs in the remote area to be able to reduce incidence of some diseases in our country.
So of the things that if you talk about energy, let’s talk about growth, about manufacturing, it’s about the life of the poorest in Africa, the women is in Senegal, in Nairobi, in Cape Town, or in other places, in Kinshasa, who cannot continue running a business because there is no electricity supply or electricity is too expensive in our countries.”
He said ensuring affordable power supplies required a number of things: “Having local solutions increases the level of uncertainty and therefore increases the risk and the cost of doing business in this sector. I think that moving to a regional initiative is not only good in terms of rationalizing your investments, but is good in terms of reducing the uncertainty that we’ve been facing in our countries. Therefore, we decided to move and to support all investment which will have a regional dimension in energy.”
He said the Ministry of Finance of the West African Monetary Union would look to a regional PPP framework for power development.
MORE GOVERNMENT NEWS
Uganda showcases new one-stop state portalThe Ugandan government is encouraging citizens to log onto Uganda’s one-stop state web portal. Read More
Malawians start mobile and web voter verificationMalawi has registered an electoral first as prospective voters in the country are now able to verify their voter registration status using mobile phones as well as a web platform. Read More
Private sector investment key to continent’s development, says KaberukaAfrican Development Bank support for private equity investment in Africa recorded a major success this week, when The Carlyle Group announced it had raised $698 million for its new Sub-Saharan Africa Fund. Read More
Ghana’s ‘big bang’ approach tackles data penetrationWith 110% voice penetration, full data penetration is the next big target in Ghana, says the NCA. Read More
Kenya unveils ICT master planKenya has launched the national Information, Communication Technology Master Plan 2017 to spur economic growth in the country. Read More
Botswana to enhance education through ThutonetLaunching the Thutonet Governance Structure, Secretary of Education Reforms, Taboka Nkhwa, said for Botswana to make any appreciable progress in its socio-economic development efforts, substantial resources should be directed at improving educational delivery. Read More
Kenya to digitally register all citizens afreshKenya plans to digitally register all citizens as part of national planning and the war against terrorism. Read More
Botswana passes electronic transaction, communications billThe Botswana Parliament has passed the Electronic Communications and Transactions Bill, which gives legal recognition to electronic transactions. Read More
Angola stimulates ICT innovation in governmentThe Angolan Government is seeking to boost the use of ICTs in public service administration and service delivery through its ‘Innovate’ programme for the public sector. Read More
FEATURED STORYKenyan shift to Green Economy would generate USD 45bn by 2030
Kenya’s transition to a green economy could produce major economic benefits equivalent to an estimated USD 45 billion by 2030, a new study shows.
BEST READ NEWS
IN DEPTHE-waste threatens Ghana’s beaches
Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.
COMPANY NEWSMTN makes it onto World Champions list
MTN Group has been named as the only South African company on the World Champions list.VMware Reports First Quarter 2014 Results
VMWare has announced Year-over-Year revenue growth of 14% to $1.36 Billion in its Q114 results.