Over 600 million people – 70% of the population in sub-Saharan Africa (SSA) – lack access to electricity, stifling social and economic development. The US Congress recently passed the Electrify Africa Act of 2015, a bipartisan measure that President Obama will soon sign into law. The Act is designed to encourage US and international development organizations to prioritize loans, assistance and technical support to spark private investment in projects that increase electricity access and reliability, and emphasize regulatory reform and commercial viability. Our analysis highlights the key points of Electrify Africa Act for relevant stakeholders and provides next steps for SSA governments and those interested in developing power projects in the region.
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