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Home>The World Bank Encourages Taiwanese Firms to Light up African LED Market

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Created Jul.18, 2011
July.18, 2011 - 09:11 —

According to a local industrial group, Taiwanese companies are encouraged by the World Bank to pursue
commercial opportunities in the African LED lighting market in support of the group's program to light up the
continent.

Rodd Eddy, an International Finance Corp. (IFC) consultant, disclosed that,because the island was among
the world's largest LED and photovoltaic goods makers, the World Bank hoped Taiwanese companies would
participate in the "Lighting Africa" program. The IFC also expected Taiwan would provide cutting edge LED
lighting technology to the region.

As a member of the World Bank Group, and the World Bank jointly run Lighting Africa, IFC is expected to
generate about US$10 billion (NT$289 billion) in business for suppliers, including those in Taiwan.

According to IFC, the program is mobilizing the private sector to build sustainable markets to provide safe,
affordable and modern off-grid lighting to 2.5 million people on the continent by 2012 and to 250 million
people by 2030. and IFC provides investment and advisory services under to help the private sector in
developing countries.

Besides, the program will assist Taiwanese companies in getting their lighting products certified and serve as a
bridge between them and African dealers.

So far, two Taiwanese firms have sought certifications for their products ,expecting to become part of the
supply chain under the program.

Keywords:
Taiwan
Africa
Taiwan

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