• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections 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
thenacre-campaign

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-social-1

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.

adron lemon friday

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

Mariam Balogun is a contributor to Freelanews.com, covering news, business, and public affairs.

Related Posts

NGX
Business

NGX market capitalisation surges on strong blue-chip demand

by Mariam Balogun
February 2, 2026
South Africa
News

South Africa offers ‘generous’ new trade deal to US to avert 30% tariff hit

by Peculiar Adirika
August 12, 2025
quotes 35
General

‘Happy birthday Angel!’ Tolani Jemegbe, only black in all-white rock band in Europe, adds another year

by Freelanews
October 22, 2021
Kano
Crime

Kano attack kills woman, six children in brutal assault

by Quadri Olaitan
January 17, 2026
Algerian President Abdelaziz Bouteflika meets with the French prime minister at his residence during an official visit on April 10, 2016 in Zeralda, a suburb of the capital Algiers.

 / AFP / Eric FEFERBERG        (Photo credit should read ERIC FEFERBERG/AFP via Getty Images)
General

‘RIP!’ Abdelaziz Bouteflika, Algeria’s former president dies

by Freelanews
September 18, 2021

Leave a Reply Cancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

NNPC Logo2 e1783520221634

NNPC says gas network has no constraints amid power shortfall

November 8, 2026
images 9 3

Gbenga Daniel, Barau, Umo Eno rally support for Tinubu in Akwa Ibom

November 8, 2026
images 1 2

Tinubu says EFCC recovered funds will go to NELFUND

November 8, 2026
Ogun map

Ogun police arrest ‘General Don’ over alleged military impersonation

November 8, 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
#image_title

17 mobile money operator companies licensed by CBN in Nigeria

March 22, 2023
Australia

Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

April 24, 2026
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
NNPC Logo2 e1783520221634

NNPC says gas network has no constraints amid power shortfall

November 8, 2026
images 9 3

Gbenga Daniel, Barau, Umo Eno rally support for Tinubu in Akwa Ibom

November 8, 2026
images 1 2

Tinubu says EFCC recovered funds will go to NELFUND

November 8, 2026
Ogun map

Ogun police arrest ‘General Don’ over alleged military impersonation

November 8, 2026
ADVERTISEMENT
November 2026
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
2930 
« Oct    
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

  • quotes 22

    ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • 17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • CityPeople magazine rewards excellence at fashion and beauty awards (Photos)

    0 shares
    Share 0 Tweet 0

Just Published!

NNPC Logo2 e1783520221634

NNPC says gas network has no constraints amid power shortfall

November 8, 2026
images 9 3

Gbenga Daniel, Barau, Umo Eno rally support for Tinubu in Akwa Ibom

November 8, 2026
images 1 2

Tinubu says EFCC recovered funds will go to NELFUND

November 8, 2026
Ogun map

Ogun police arrest ‘General Don’ over alleged military impersonation

November 8, 2026
IMG 0622 1794083573 1200x900 1

Flamingos make history, beat Japan to win U-17 World Cup

November 8, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 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

© 2026 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.