May 19, 2020

Power Africa 2017 report: 53mn beneficiaries to date

sub-saharan africa
Power
Power Africa
Fran Roberts
2 min
Power Africa 2017 report: 53mn beneficiaries to date

Power Africa, a US Government-led initiative to double access to electricity in sub-Saharan Africa, has released its annual report.

The initiative consists of more than 150 public and private sector partners, which have collectively committed more than US$54bn towards achieving Power Africa's goals.

It is among the world's largest public-private partnerships in development history.

The 2017 report highlights how Power Africa continues to lay the foundation for sustainable economic growth in Africa as it makes progress towards its goals of increasing installed generation capacity by 30,000MW and adding 60mn new electricity connections by 2030.

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Power Africa has facilitated the financial close of 80 power transactions valued at more than US$14.5bn expected to generate more than 7,200MW, and supported private-sector companies and utilities in connecting a total of 10.6mn homes and businesses, benefitting 53mn people.

Of that 7,200MW, Nigeria alone accounts for 3,384 MW. Natural gas technology accounts for more than half of the expected power generation at 4,315MW.

Uganda – where according to the World Bank in 2014, just 20.4% of the population had access to electricity – is one of the countries to have benefitted from the initiative.

“In Uganda, Power Africa has worked through the US-based National Rural Electric Cooperative Association (NRECA) to help our Rural Electrification Agency deliver on-grid connections,” advised Irene Muloni, Minister of Energy and Mineral Development.

“We aim to add 1.5mn new connections by 2022. Power Africa also has helped multiple small hydroelectric projects reach financial close, adding 53MW of generation capacity.

“We hope that working with Power Africa and its partners, Uganda will add 1,000MW of new power generation by 2020 through many types of energy technology.”

To date, the US Government has disbursed approximately US$500mn, and made more than US$2.6bn in financial commitments towards Power Africa’s goals.

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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