Momentum gathers in Power Africa initiative on BiztechAfrica

Standard Bank Group has renewed its commitment to the Power Africa Initiative, a multi-stakeholder project driven by US President Barack Obama. The Initiative aims to double power access in Africa by accelerating investments in the sector over the next five years.

The six initial partner countries are Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania. Each have set ambitious goals to boost their power generating capacity to enhance … read more

Wind energy has been used for centuries to move ships, pump water, and grind grain. It’s now one of the most cost-effective sources of new generation, competing with new installations of coal, gas and nuclear power. We are always looking for innovative technologies that can resolve the energy access gap.

Wind power seen generating up to 18% of global power by 2050 on International Energy Agency
By 2050, wind power could generate up to 18% … read more

Adding 55M

Ethiopia is infamously lagging behind the African standard of mobile penetration rates. Currently, mobile penetration in Africa is around 50% and climbing, but Ethiopia’s mobile penetration is around 12%. The Government of Ethiopia, who controls the telecommunications industry in the country, has set some ambitious goals for the next five years to increase mobile penetration rates. While there are many benefits that come along with a mobile phone in the hands of the … read more