Home Business AfDB plans $12bn for electricfication in Africa

AfDB plans $12bn for electricfication in Africa


Image result for AfDB plans $12bn for electrification in AfricaThe African Development Bank has unveiled plans to invest $12 billion in electricity in Africa for the next five years

The fund will support its New Deal on energy for Africa which aims to achieve universal access to the continent by 2025.

AfDB President, Akinwumi Adesina says Africa’s energy potential is big as its electricity deficit.

He added that project must employ off-grid solutions to achieve the electricity access targets.


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