USTDA announces ten new agreements

The US Trade and Development Agency (USTDA) announced ten new financing agreements for power projects with a combined value of $9m at the US-Africa Business Forum held in New York on 21 September. USTDA earmarked six grants worth $4.9m for projects in Kenya, a grant and two direct USTDA contracts worth $3.1m in South Africa, and a grant worth $856,386 in Sierra Leone. The agency has been increasing its support to power projects in the early stages of development in Africa with a series of grant rounds, the most recent of which closed on 26 September.