Turning the lights on in Africa

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    [title] => Turning the lights on in Africa
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Over 645 million people in Africa do not have access to electricity.

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Over 645 million people in Africa do not have access to electricity. Bottlenecks in the energy sector and power shortages are estimated to cost Africa some 2% to 4% of the GDP annually, slowing down economic growth, the creation of employment and investment.

 

Some revealing statistics are:

 - an estimated 600,000 Africans (mostly women and children) die annually from indoor air pollution associated with the use of wood for cooking fuel
 - over 90% of Africa’s primary schools lack electricity
 - Africa’s poorest people are paying among the world’s highest prices for energy.

 

Now there is a New Deal for Energy for Africa—a partnership-driven effort with the aspirational goal of achieving access to energy for the whole of the continent by 2025. To achieve this goal, the African Development Bank is working with governments, the private sector and bilateral and multilateral energy sector initiatives to develop a Transformative Partnership on Energy for Africa—a platform for public-private partnerships aiming to promote innovative financing in Africa’s energy sector.  It focuses on 5 key principles:

 - raising aspirations to solve Africa’s energy challenges
 - establishing the New Deal for Energy for Africa
 - mobilising domestic and international capital for innovative financing in Africa’s energy sector
 - supporting African governments in strengthening energy policy regulations and sector governance
 - increasing the African Development Bank’s investments in energy- and climate-related initiatives.

 

One sustainable way of utilising Innovative Financing for Development (IFD) to determine new sources of revenue and manage, leverage and protect these revenues is through the assistance of the global IFD specialist, LSL World Initiative, and of its technological partners. LSL sets up and operates national strategic development initiatives tailored to the local context and in line with national development priorities.  These initiatives operate with revenues generated by a comprehensive suite of micro-levies or micro-contributions in the key globalised sectors offering the best opportunities in terms of volumes and growth potential, such as mobile telecommunications, financial transactions, airline transport, etc. 

 

There are a whole range of potential revenue-creating opportunities that could be explored. In fact, micro-contributions on telecommunications and money transfers into Haiti from the millions of Haitians living abroad enabled the funding of a comprehensive free education programme for Haiti’s needy children—about 1.4 million children now attend school free of charge and the elementary school attendance rate has risen from 55% to 90%.

 

Each country is unique in its needs, but almost all emerging and African countries have an increasing demand to finance socio-economic projects in the fields of health, education, water supply, infrastructure, electricity and security. Revenues from IFD mechanisms could be ploughed into supporting emerging and African governments to provide access to electricity in their countries. 

 

In the words of Laurent Lamothe:

“The money is there—it just has to be unlocked from the diaspora flows like remittances.” 

 

The monies come from abroad—there is little impact on local users and service providers. A great number of untapped resources can be mobilised in this way.  Harmless and microscopic contributions on enormous volumes of transactions create significant amounts of revenue in sectors that benefit the most from globalisation.  In this way, a micro-contribution could make a mega-difference in providing revenues for widespread access to electricity in Africa.  LSL can make it happen in a sustainable and effective way.

 

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Over 645 million people in Africa do not have access to electricity.

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Over 645 million people in Africa do not have access to electricity. Bottlenecks in the energy sector and power shortages are estimated to cost Africa some 2% to 4% of the GDP annually, slowing down economic growth, the creation of employment and investment.

 

Some revealing statistics are:

 - an estimated 600,000 Africans (mostly women and children) die annually from indoor air pollution associated with the use of wood for cooking fuel
 - over 90% of Africa’s primary schools lack electricity
 - Africa’s poorest people are paying among the world’s highest prices for energy.

 

Now there is a New Deal for Energy for Africa—a partnership-driven effort with the aspirational goal of achieving access to energy for the whole of the continent by 2025. To achieve this goal, the African Development Bank is working with governments, the private sector and bilateral and multilateral energy sector initiatives to develop a Transformative Partnership on Energy for Africa—a platform for public-private partnerships aiming to promote innovative financing in Africa’s energy sector.  It focuses on 5 key principles:

 - raising aspirations to solve Africa’s energy challenges
 - establishing the New Deal for Energy for Africa
 - mobilising domestic and international capital for innovative financing in Africa’s energy sector
 - supporting African governments in strengthening energy policy regulations and sector governance
 - increasing the African Development Bank’s investments in energy- and climate-related initiatives.

 

One sustainable way of utilising Innovative Financing for Development (IFD) to determine new sources of revenue and manage, leverage and protect these revenues is through the assistance of the global IFD specialist, LSL World Initiative, and of its technological partners. LSL sets up and operates national strategic development initiatives tailored to the local context and in line with national development priorities.  These initiatives operate with revenues generated by a comprehensive suite of micro-levies or micro-contributions in the key globalised sectors offering the best opportunities in terms of volumes and growth potential, such as mobile telecommunications, financial transactions, airline transport, etc. 

 

There are a whole range of potential revenue-creating opportunities that could be explored. In fact, micro-contributions on telecommunications and money transfers into Haiti from the millions of Haitians living abroad enabled the funding of a comprehensive free education programme for Haiti’s needy children—about 1.4 million children now attend school free of charge and the elementary school attendance rate has risen from 55% to 90%.

 

Each country is unique in its needs, but almost all emerging and African countries have an increasing demand to finance socio-economic projects in the fields of health, education, water supply, infrastructure, electricity and security. Revenues from IFD mechanisms could be ploughed into supporting emerging and African governments to provide access to electricity in their countries. 

 

In the words of Laurent Lamothe:

“The money is there—it just has to be unlocked from the diaspora flows like remittances.” 

 

The monies come from abroad—there is little impact on local users and service providers. A great number of untapped resources can be mobilised in this way.  Harmless and microscopic contributions on enormous volumes of transactions create significant amounts of revenue in sectors that benefit the most from globalisation.  In this way, a micro-contribution could make a mega-difference in providing revenues for widespread access to electricity in Africa.  LSL can make it happen in a sustainable and effective way.

 

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Over 645 million people in Africa do not have access to electricity. Bottlenecks in the energy sector and power shortages are estimated to cost Africa some 2% to 4% of the GDP annually, slowing down economic growth, the creation of employment and investment.

 

Some revealing statistics are:

 - an estimated 600,000 Africans (mostly women and children) die annually from indoor air pollution associated with the use of wood for cooking fuel
 - over 90% of Africa’s primary schools lack electricity
 - Africa’s poorest people are paying among the world’s highest prices for energy.

 

Now there is a New Deal for Energy for Africa—a partnership-driven effort with the aspirational goal of achieving access to energy for the whole of the continent by 2025. To achieve this goal, the African Development Bank is working with governments, the private sector and bilateral and multilateral energy sector initiatives to develop a Transformative Partnership on Energy for Africa—a platform for public-private partnerships aiming to promote innovative financing in Africa’s energy sector.  It focuses on 5 key principles:

 - raising aspirations to solve Africa’s energy challenges
 - establishing the New Deal for Energy for Africa
 - mobilising domestic and international capital for innovative financing in Africa’s energy sector
 - supporting African governments in strengthening energy policy regulations and sector governance
 - increasing the African Development Bank’s investments in energy- and climate-related initiatives.

 

One sustainable way of utilising Innovative Financing for Development (IFD) to determine new sources of revenue and manage, leverage and protect these revenues is through the assistance of the global IFD specialist, LSL World Initiative, and of its technological partners. LSL sets up and operates national strategic development initiatives tailored to the local context and in line with national development priorities.  These initiatives operate with revenues generated by a comprehensive suite of micro-levies or micro-contributions in the key globalised sectors offering the best opportunities in terms of volumes and growth potential, such as mobile telecommunications, financial transactions, airline transport, etc. 

 

There are a whole range of potential revenue-creating opportunities that could be explored. In fact, micro-contributions on telecommunications and money transfers into Haiti from the millions of Haitians living abroad enabled the funding of a comprehensive free education programme for Haiti’s needy children—about 1.4 million children now attend school free of charge and the elementary school attendance rate has risen from 55% to 90%.

 

Each country is unique in its needs, but almost all emerging and African countries have an increasing demand to finance socio-economic projects in the fields of health, education, water supply, infrastructure, electricity and security. Revenues from IFD mechanisms could be ploughed into supporting emerging and African governments to provide access to electricity in their countries. 

 

In the words of Laurent Lamothe:

“The money is there—it just has to be unlocked from the diaspora flows like remittances.” 

 

The monies come from abroad—there is little impact on local users and service providers. A great number of untapped resources can be mobilised in this way.  Harmless and microscopic contributions on enormous volumes of transactions create significant amounts of revenue in sectors that benefit the most from globalisation.  In this way, a micro-contribution could make a mega-difference in providing revenues for widespread access to electricity in Africa.  LSL can make it happen in a sustainable and effective way.

 

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