First, the bad news.
Although Africa has vast fossil and renewable energy sources, only twenty percent of its population has direct access to electricity and in some rural areas, four out of five people are completely without power. According to the UN, over 600 million Africans currently do not have access to electric power.
The World Bank’s Multilateral Investment Guarantee Agency, or MIGA, has allocated $110 million to Kenya to finance increased production of geothermal power.
The World Bank released a statement commenting, “MIGA has increased its coverage against the risks of transfer restriction, expropriation, and war and civil
Singer Bjork Iceland’s most famous export, joined her fellow countrymen and women last week as part of a three-day karaoke marathon protest against Canadian firm Magma Energy’s growing stake in Iceland’s HS Orka power plant.
Magma Energy is a geothermal exploration power company founded in 2008. It says on