Israel plans to invest an estimated $1 billion in the Economic Community of West African States (ECOWAS) over the next four years. The funds will go towards the development of solar infrastructure. This investment will be made through Israeli solar energy developers led by Energiya Global.
A MoU was signed on June 2 in Liberia between Israeli Prime Minister Benjamin Netanyahu and Marcel de Souza, the chairman of the ECOWAS Commission.
The two parties with work together to determine how the fund will be specifically employed among the 15 member countries. In the meantime, an agreement has already been signed for the development of a $20 million solar park at Roberts International Airport in Liberia by Energiya Global.
“Our diplomatic and humanitarian ambition is to accompany the private sector in areas like this, as it can contribute more quickly and effectively to improving the lives of millions of people,” said Avraham Neguise, head of the Israel-Africa parliamentary caucus, who was part of the Israeli delegation.