World Bank Group, AfDB to connect 300 million Africans with electricity access by 2030.
Mission 300 is now galvanizing development partners and building momentum in Africa and beyond.
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The gist of the UN and AfDB report on sustainable development in Africa
Despite a 2% increase in official development assistance (ODA) for Africa in 2023, climate financing needs have remained at the same level
AfDB Group approves $500 million loan to boost electricity access in Nigeria
The energy transition plan envisions the development, by 2050, of 250 GW of installed electricity capacity, 90% of which will be renewable.
SEFA grants $1 million to Nigeria, Kenya, Morocco, others to develop electric mobility
The initiative will contribute to the decarbonisation of transport systems on the continent.
AfDB approves $20m for renewable energy in Nigeria
The $20 million cash in Evolution Fund III is a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across the continent over a 10-year period and is expected to contribute to an additional 2,162 megawatt (Mw) of installed renewable power generation capacity.
AfDB approves $15m for clean energy generation in sub-Saharan Africa
The African Development Bank’s board of directors have approved $15 million from the Sustainable Energy Fund for Africa (SEFA) and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa.
AfDB and EnergyNet launch $5,000 ‘African Utility of the Future’ competition award
The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams to compete for a $5,000 prize.
Power transmission upgrade: FG assures AfDB of transparent utilisation of funds
The Nigerian government has promised that funds approved and released to the Transmission Company of Nigeria (TCN) by the African Development Bank (AfDB) for the upgrade of the national grid will not be embezzled. The Minister of State for Power, Mr. Goddy Jedy-Agba, gave the assurance to Acting Vice President, Power, Energy, Climate and Green…
First WATT Renewables wins ‘Renewable Energy Forum 2019’ co-organised by the African Development Bank
The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions First WATT Renewables has emerged the winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank (AfDB). The…
Africa needs to modernise and decentralise its grid to solve its power distribution problems
By Anastasia WALSH Grid modernisation, specifically the deployment of microgrids in rural areas, provides a promising strategy Electrification is an on-going and foundational investment, and a necessary one to realize all modern-day development objectives. Despite bullish policies, the fact remains that over 640 million Africans lack access to electricity. The effect of this is apparent….
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