• 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
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.

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

WhatsApp Image 2022 02 28 at 9.23.42 PM
General

‘Sad’ Royal family confirms Prince Ayaan Elegushi’s death

by Rtn. Victor Ojelabi
February 28, 2022
Tolulope Medebem, founder, AsterIML
General

AsterIML’s founder, Tolulope Medebem, clinches prestigious Small Business Award for Most Empowering Youth Mentor 2023

by Rtn. Victor Ojelabi
December 12, 2023
2b78e44727221e8ed50d5bc7ab5a87349f4af842b371ec3c0065b87443b0f944
Crime

Family of seven, others killed as Benue rival militia groups clash

by Quadri Olaitan
March 6, 2024
Lassa fever
Crime

Lassa fever spreads to 26 states, kills 151

by Quadri Olaitan
April 19, 2023
WhatsApp Image 2022 01 12 at 11.08.30 AM scaled
General

‘Highly contagious’ WHO predicts Omicron to infect half of Europe within weeks

by Rtn. Victor Ojelabi
January 12, 2022

Leave a Reply Cancel reply

Your email address will not be published.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

ADVERTISEMENT

Recent News

Makoko

Breaking: Lagos Assembly orders suspension of Makoko demolition

February 3, 2026
FCE

FCE Gombe council dismisses four officers for misconduct

February 3, 2026
Omotola

Omotola rejects forced dance trends for film marketing

February 3, 2026
US Olympic

US Olympic Chief flags World Cup as visa ‘Trial Run’

February 3, 2026
  • Trending
  • Comments
  • Latest
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
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 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
Makoko

Breaking: Lagos Assembly orders suspension of Makoko demolition

February 3, 2026
FCE

FCE Gombe council dismisses four officers for misconduct

February 3, 2026
Omotola

Omotola rejects forced dance trends for film marketing

February 3, 2026
US Olympic

US Olympic Chief flags World Cup as visa ‘Trial Run’

February 3, 2026
February 2026
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
« Jan    
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

  • Lagos

    Lagos govt outlaws Eze Ndigbo, Seriki installations, issues arrest warning

    0 shares
    Share 0 Tweet 0
  • Toyin Abraham responds to Kunle Afolayan’s box office comments

    0 shares
    Share 0 Tweet 0
  • Aunty Ajara’s health deteriorates, Mama Nonetwork urges support

    0 shares
    Share 0 Tweet 0
  • US set to deport Boluwaji Akingunsoye, Ejike Asiegbunam, 77 other Nigerian on criminal list

    0 shares
    Share 0 Tweet 0

Just Published!

Makoko

Breaking: Lagos Assembly orders suspension of Makoko demolition

February 3, 2026
FCE

FCE Gombe council dismisses four officers for misconduct

February 3, 2026
Omotola

Omotola rejects forced dance trends for film marketing

February 3, 2026
US Olympic

US Olympic Chief flags World Cup as visa ‘Trial Run’

February 3, 2026
Airport

Airport police arrest romance scam suspect in N48.5m fraud

February 3, 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.