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U.S.-Africa Energy Conference to Pool Investors

The conference will, amongst other things, highlight progress on President Obama's seven billion dollar Power Africa initiative

The United States Government is planning a major ministerial energy conference in Addis Abeba in early June as part of what could be a seven billion dollar effort targeting Africa's energy sector.

The US-Africa Energy Ministerial conference (AEM), taking place on June 3 and 4, 2014, will bring together African ministers in the private sector from the US and Africa. To be co-hosted by the Government of Ethiopia, the conference is expected to bring with it major announcements and commitments in energy investment throughout Africa, according to a briefing at the Hilton hotel, on May 7, 2014 to African ambassadors in Addis Abeba by officials from the US embassy and the Ethiopian Ministry of Water, Energy & Irrigation.

The theme of the conference, which is expected to attract major investors and financers in the energy sector, is Catalysing Sustainable Energy Growth in Africa. Participants include African ministers; the American energy secretary, Ernest Moniz (PhD); multilateral development partners; regional and sub-regional African energy organisations; academia and civil society. The Overseas Private Investment Corporation (OPIC), US government's development finance institution, Exxon Mobil, which exited the Ethiopian market, and General Electric, supplier of aircraft engines to Ethiopian Airlines, will also be attending.

The conference will also feature Daniel Yergin, renowned author and energy consultant. Yergin is author of such bestsellers as "The Prize: The Epic Quest for Oil, Money & Power," for which he was awarded the Pulitzer Prize; "The Commanding Heights: The Battle for the World Economy;" and, a sequel to The Prize, "The Quest: Energy, Security, and the Remaking of the Modern World".

Attending African ministers could come to the conference with a delegation of up to five people from the private sector of their respective countries.

The conference will explore strategies and effective practices across Africa and the United States for accelerating the development of clean energy sources and adopting energy efficient technologies, as well as reviewing best practices in oil and gas resource development. It will also highlight progress on President Barack Obama's Power Africa Initiative -a White House programme calling for more than seven billion dollars for energy initiatives across the continent during the next five years, involving Western companies.

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