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Sierra Leone Business: Israel signs $1 bn solar commitment to ECOWAS

The State of Israel has signed a Memorandum of Understanding with ECOWAS to invest $1 billion over the next four years
on green energy projects across the 15 member states of ECOWAS.
As a first step Israel yesterday Sunday signed a $20 million agreement for Liberia’s first solar field.
“In honor of President Ellen Johnson Sirleaf’s two terms in office, and Liberia’s friendship with the State of Israel, Energiya Global
and our international partners will finance and build a commercial-scale solar field at the Roberts International Airport, which will
supply 25% of the country’s generation capacity,” says Yosef I. Abramowitz, CEO.  “We are prepared to finance and build the first
National Demonstration Solar Projects in all ECOWAS-affiliated countries in order to promote political stability and social and
economic development, as well as to advance knowledge transfer.”
According to a Press Release issued by the Israeli green energy company ‘Energiya Global’ Israeli Prime Minister Binyamin Netanyahu is
scheduled to address the 15 West African Heads of State of ECOWAS (the Economic Community of West African States), as well as
the head of the African Union. “Israel is coming back to Africa,” the Prime Minister will announce, and will outline the technological
innovations in agriculture, water, green energy and more that can support economic development in West Africa.
The $20 million investment comes as Israel and ECOWAS sign Sunday an historic Memorandum of Understanding to promote
investments, technology and cooperation.
“With 600 million Africans without electricity, the State of Israel can literally help African Heads of State bring power to the African
people,” says Member of Knesset Avraham Neguise, chairman of the Israel-Africa Caucus of the Israeli Parliament, who accompanied
the Prime Minister.
“Our humanitarian and diplomatic goals are supported by the private sector as well, which can work quickly and efficiently to
improve the lives of millions of people.  I want to thank my friend Yosef Abramowitz for his investments in solar in Africa.
We look forward to working with ECOWAS to deploy $1 billion over the next four years, starting with this first investment of
$20 million in Liberia by Energiya Global.”
A working session between ECOWAS, representatives of the State of Israel and Abramowitz will take place Monday morning in
Monrovia, to plan for the deployment of the green energy investments in fulfillment of the MOU signed by Prime Minister Netanyahu
and the President of ECOWAS.
Monday June 05, 2017.

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