East Africa secures $600m to fund big power projects
East African countries are gearing up for new investments in the power sector as investors and big financiers close new deals for energy projects, potentially easing the region’s power woes.
Over the past five days, at least seven major projects across the region have secured funding, boosting the bloc’s search for sufficient, stable and cheap power. This has seen a total of at least $605 million signed off in less than a week for projects in Kenya, Tanzania, Burundi and Rwanda.
