Burundi has one of the world's lowest levels of rural electrification. This photo was taken in Buye, north of the capital Bujumbura, on May 1, 2015. REUTERS/Edmund Blair
Investment from British government-owned Gridworks in Virunga Power can help drive the advance of hydro-electric power projects in eastern and southern Africa, Virunga CEO Brian Kelly tells The Africa Report. Gridworks, which invests in Africa’s electricity networks, said on 20 December it will invest up to $50m in Virunga Power, which develops and operates hydro-power projects and grid distribution networks in east Africa.
The investment, which sees Gridworks acquire majority ownership of Virunga, will be used to fund hydro projects in Burundi, Malawi, Zambia and Kenya. The World Bank says that Zambia, Malawi and Burundi have among the world’s lowest rural electrification rates at 15%, 6% and 2%.
Hopefully, they are considering solar power as well considering that a lot of parts of Africa actually experience droughts and that solar power would be the greatest investment into one of the continents that are rich in sunlight.
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