World Bank, IFC hold Lighting Africa conference
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Lighting Africa, Business Day learnt, is a joint International Finance Corporation (IFC) and World Bank initiative that seeks to provide modern lighting by 2030 to the 250 million people in Sub-Saharan Africa who lack access to electricity.
BusinessDay was reliably informed that meetings and interviews will be facilitated with CEOs, industry representatives, Bank Group officials, and top innovators in the field.
It is also expected that winners of the Bank Group’s 2008 global lighting competition will be announced and granted up to $200,000 for their ideas on design and delivery of innovative, low-cost products that can provide high-quality, non-fossil lighting to low-income consumers.
The conference, it is gathered, aims to increase awareness of the market opportunities for lighting products and services, link global investors with local suppliers and service providers, promote networking among entrepreneurs, share market intelligence and model business structures for lighting projects, showcase innovative products and promote business development.
World Bank and IFC say more than 300 participants are expected, bringing together a diverse array of global players, including representatives of the global lighting industry, international financial institutions, private developers, governments, and civil society.
The program will also include a visit to an off-grid community to see up-close the need for better lighting solutions, and the impact modern lighting can have on individual lives.
The Lighting Africa project was launched in September 2007 to help develop a robust off-grid lighting market in the region.
BusinessDay was reliably informed that meetings and interviews will be facilitated with CEOs, industry representatives, Bank Group officials, and top innovators in the field.
It is also expected that winners of the Bank Group’s 2008 global lighting competition will be announced and granted up to $200,000 for their ideas on design and delivery of innovative, low-cost products that can provide high-quality, non-fossil lighting to low-income consumers.
The conference, it is gathered, aims to increase awareness of the market opportunities for lighting products and services, link global investors with local suppliers and service providers, promote networking among entrepreneurs, share market intelligence and model business structures for lighting projects, showcase innovative products and promote business development.
World Bank and IFC say more than 300 participants are expected, bringing together a diverse array of global players, including representatives of the global lighting industry, international financial institutions, private developers, governments, and civil society.
The program will also include a visit to an off-grid community to see up-close the need for better lighting solutions, and the impact modern lighting can have on individual lives.
The Lighting Africa project was launched in September 2007 to help develop a robust off-grid lighting market in the region.
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