'Powering Africa: Summit' Set to Advance Deals and Partnerships for Africa's Power Industries in Washington, D.C. This January

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Dec 17, 2014, 07:16 ET

WASHINGTON, December 17, 2014 /PRNewswire/ --

'Powering Africa: Summit' To Be Held in Washington, D.C., January 28-30^th 2015, With Commitments From 12 African Countries To Further Advance Private Sector Participation In Africa's Power Sector.

Delegates network at the annual Africa Energy Forum in Istanbul, another global investment meeting organised by EnergyNet (PRNewsFoto/EnergyNet)

"With so many credible decision makers gathered to discuss power generation in Africa specifically, we hope American investors take this opportunity to learn why Africa will be a key trading partner for American technology firms," Simon Gosling, EnergyNet

Intellectual property and the credibility of the end user/buyer remains a concern, but with companies such as GE, Deloitte, KPMG, Citibank, PwC, Norton Rose Fulbright, IBM, JP Morgan, Chase, Blackstone, KKR, DLA Piper and Caterpillar already firm fixtures across Africa, there is no end of international experience that can be drawn on and successes to be shared.

(Photo: http://photos.prnewswire.com/prnh/20141217/721200 )

If Africa continues to grow at the current pace in terms of knowledge, population and GDP, cities the size of London and New York will be common place across the continent by 2050. In Tanzania, Dar Es Salaam is already a city of 1.5 million people, expected to grown 10 fold in 15 years. That growth, combined with massive investment in education, will see it become a mega-city of East Africa with huge energy consumer demands.

In Nigeria - a country of nearly 200 million people - Lagos already has 26 million residents. In 30 years' time and based on current expectations, Lagos will be one of the biggest spending economies on the planet.

Soon, Africa will be one of America's most important trading partners with manufacturing hubs, security partnerships and enough electricity to sell up through Europe. These are the reasons American investors and technology providers should be ahead of the curve, building the backbone of an economy the size of China.

From 28-30th January 2015, EnergyNet (with 20 years trade experience in Africa) will welcome a high powered delegation of Ministers and officials from utilities and regulatory bodies from Africa to meet US private and public sector investors at the 'Powering Africa: Summit', where they will continue the crucial conversation on how to maintain the momentum in Africa's power sector.

For more information about the Powering Africa Summit:
Meeting dates: 28-30^th January 2015
Venue: St. Regis Hotel, Washington DC.
Contact: Amy Offord, Marketing Manager
Tel: +44(0)20-7384-8068
Email: [email protected]
Visit: http://www.poweringafrica-summit.com/

SOURCE EnergyNet