• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

AfDB approves $3.9m boost to accelerate Africa’s power access

New initiative targets stalled energy plans across 13 African countries

Mariam Balogun by Mariam Balogun
February 3, 2026
in Business, News
0 0
0
AfDB

AfDB energy access programme secures $3.9m to turn national energy plans into electricity connections for millions across Africa

The African Development Bank Group has approved a $3.9 million technical assistance programme aimed at accelerating electricity access across Africa by turning stalled national energy commitments into real power connections.

Also read: AfDB, Nedbank seal landmark deal to boost housing, trade

The approval, announced this week, advances the Mission 300 target to electrify 300 million Africans by 2030.

The two-year initiative, known as AESTAP Mission 300 Phase II, will provide hands-on technical support to 13 African countries where national energy plans are in place but implementation has lagged.

Beneficiary countries include Nigeria, Kenya, Ethiopia, Tanzania, the Democratic Republic of Congo, Uganda and Namibia, alongside Chad, Lesotho, Gabon, Mauritania, Malawi and Madagascar.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

The AfDB Energy Access Programme comes at a pivotal moment as governments across the continent roll out National Energy Compacts designed to expand electricity supply, attract investment and reform power sectors.

While these compacts represent binding commitments, execution gaps have slowed progress in extending electricity to households and businesses.

According to the African Development Bank’s Director of Energy Financial Solutions, Policy and Regulation, Wale Shonibare, the programme directly targets these bottlenecks.

He said the initiative would help governments translate bold policy commitments into measurable outcomes for communities and entrepreneurs currently without power.

Under Phase II, technical assistance will focus on reforming electricity regulations, strengthening planning and tariff structures, and improving the operational performance of national utilities.

Support will also enhance data systems, research capacity and knowledge-sharing through regional energy platforms, while embedding expert advisers within government Compact Delivery and Monitoring Units to coordinate reforms and track progress.

The programme builds on AESTAP Mission 300 Phase I, approved in December 2025, which focused on establishing the delivery and monitoring units that anchor national energy reforms.

Combined funding across both phases now stands at $4.9 million.

Also read: FG secures AfDB funding for SAPZ Phase 2 expansion

Funded through the Sustainable Energy Fund for Africa, the AfDB Energy Access Programme will be implemented in coordination with Mission 300 partners, including the World Bank and national governments, reinforcing a collective push to close Africa’s electricity gap.

Mariam Balogun
Mariam Balogun

Related Posts

Ikeja Electric
News

Ikorodu residents protest prolonged Ikeja Electric blackout

by Quadri Olaitan
February 27, 2026
Ayodele Toyosi fraud trial
Crime

Court issues bench warrant for Reaprite, Agrorite founder Ayodele Toyosi in N600M fraud case

by Peculiar Adirika
May 22, 2025
National Library
Education

Oluremi Tinubu raises N20.4bn for National Library

by Peculiar Adirika
September 23, 2025
Hotel owner 1
General

‘On the run’ CCTV allegedly links Ramon Adedoyin to crime scene (Watch)

by Rtn. Victor Ojelabi
January 7, 2022
covid vaccine 1596101837
General

‘Good news’ COVID-19 vaccine to be available November

by Freelanews
September 16, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
Nigerian Breweries

Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

April 17, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
Nigerian Breweries

Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

April 17, 2026
April 2026
SMTWTFS
 1234
567891011
12131415161718
19202122232425
2627282930 
« Mar    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Professor Y.K. Ajao performing Juju music live

    Legendary Juju musician Professor Y.K. Ajao passes away

    0 shares
    Share 0 Tweet 0
  • UK court jails Nigerian couple in shocking £433k tax fraud

    0 shares
    Share 0 Tweet 0
  • Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

    0 shares
    Share 0 Tweet 0
  • BBNaija Liquorose breaks internet with stunning photos ahead of ex’s wedding

    0 shares
    Share 0 Tweet 0

Just Published!

IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
Nigerian Breweries

Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

April 17, 2026
Gunmen

Gunmen kidnap 14 JAMB candidates in Benue attack

April 17, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.