AU, World Bank Call for Heightened Investment in Electrification
The African Union and World Bank have called for accelerated investment in Africa in order to ensure universal access to energy by 2030.
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The African Union and World Bank have called for accelerated investment in Africa in order to ensure universal access to energy by 2030.
Senegal will make significant economic gains and GDP expansion on the back of first gas production and an uptick in mining sector investments.
The World Bank has approved a financial package to help the Ivory Coast expand and digitize its grid network to connect more consumers and enhance network management.
The World Bank has approved the Regional Emergency Solar Power Intervention Project, unlocking $311 million in financing to improve West Africa’s grid-connected renewable capacity.
By implementing a just and low-carbon energy transition, South Africa can lower emissions while securing new investments in innovative technologies that would address the ongoing energy crisis.
In Algeria, the hydrocarbon sector stabilized GDP growth in 2021 and will continue to support growth in 2022 – World Bank.
Four deals to finance key development projects in the west African nation have been signed, representing much-needed economic stimulus following COVID-related disruptions.
The Kenyan government has received $750 million in budget support from the World Bank to support fiscal reforms and the governance of Kenya’s natural and human capital.
The World Bank aims to improve access to electricity and narrow the distribution gap across Senegal.
The World Bank has reaffirmed its commitment to give additional support to The Gambia’s National Water and Electricity Company to develop the country’s energy sector.
