United States and Israel Announce Partnership to Increase Energy Investment in Africa
WASHINGTON D.C., United States of America, December 5, 2017–Today, the Government of the United States and the Government of Israel entered into a Memorandum of Understanding (MOU) to advance the common goals of reducing energy poverty and increasing access to energy in sub-Saharan Africa through innovative partnerships between private enterprise, African governments, and foreign assistance.
The U.S. Government will implement this MOU through the Power Africa Coordinator’s Office, led by the United States Agency for International Development (USAID). At the ceremony to inaugurate the MOU, attended by Israeli Prime Minister Benjamin Netanyahu and U.S. Power Africa Coordinator Andrew Herscowitz, U.S. Ambassador to Israel David Friedman signed the MOU on behalf of the United States and noted that: “This partnership will leverage cutting-edge technical expertise from the U.S. and Israel, thanks to our innovative private companies who are motivated to work with our governments to accelerate Africa’s development — particularly in the energy sector.”
Eli Groner, Director-General of the Israeli Prime Minister’s Office, made the following statement: “The U.S.-Israel relationship is based on shared values and aligned interests. This is yet another manifestation of our collaboration to make the world a better place.”
The Government of Israel will implement this MOU through the Prime Minister’s Office, in conjunction with the Ministry of Economy and Industry, the Ministry of Foreign Affairs, and the Ministry of Energy and Innovation Authority. Collaboration with Power Africa will focus on strengthening economic ties and cooperation with African countries.
Through this partnership, the United States and Israel intend to collaborate on the following issues to accelerate progress towards our shared goals under Power Africa:
Increase outreach and collaboration among U.S. and Israeli companies to improve access to finance and explore investment opportunities;
Deepen collaboration to expand electricity access;
Expand on-grid renewable, and off-grid efforts to extend energy across sub-Saharan Africa; and
Encourage new projects involving Israeli and U.S. companies throughout the African continent.