In a ceremony attended by government officials and representatives from AECF, the Ministries of Energy, Investment and Interior have unveiled a program funded by SIDA, the Swedish government’s aid agency through a private venture called AECF.
According to press statement from AECF, the REACT Sub Saharan Africa is a renewable energy program is “aimed to bring the benefits of clean energy to off-grid, low-income households. By de-risking unique business models, it supports the private sector to innovate and invest in diverse technologies. The programme supports investees in Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique, Zimbabwe, and Somalia.”
Further explanation of the REACT SSA program states that the Swedish government has committed US$33.58 million out of which 8.5 million is for Somaliland and Somalia. The program
It is unclear what companies in Somaliland have been selected in receiving ranging from US$100,000 and US$1.5 million of pure grants.
Although this program does not specifically target bringing down high cost of electricity in Somaliland and despite millions of dollars from various donors, Somaliland’s electricity remains very expensive stifling small scale industries and energy-dependent businesses.