10 February 2016
Atta Africa Financial Update
Key commercial and political activity in Africa for private equity investors by DCE Partners, UK Private Equity advisors to Atta.
Executive summary: Electrify Africa Act - now a thing.
The U.S. House of Representatives on Monday passed the Electrify Africa Act, after nearly two years of trying to get the measure through both chambers of Congress. It now goes to President Barack Obama for his signature.
The bill will provide a framework for a major public-private partnership between the United States and sub-Saharan African countries to help millions of people gain access to reliable electricity. The Act sets out to bring first-time electricity to 50 million people in Africa, by 2020.
The bill establishes a comprehensive U.S. policy towards the development of a mix of power solutions, including renewable energy, for the expansion of reliable access to electricity in the region. This access will support poverty reduction and promote development outcomes in the areas of health, education and economic growth.
Fact: Nollywood, Nigeria's movie industry, is the second-largest movie industry in the world behind Bollywood, and puts out twice as many movies as Hollywood.
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Amadeus Capital invests US$40m in South African based Travelstart |
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Delta invests US$26 million in two super plants |
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