• 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
0
SHARES

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

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

Related Posts

LASWA swift action on dredging pipe
Sustainability

LASWA prevents waterway disaster with swift action on dredging pipe obstruction

by Quadri Olaitan
March 12, 2025
Ehanire
Breaking News

‘Not true’ What we received isn’t Russian COVID-19 vaccine sample, FG makes u-turn

by Freelanews
September 5, 2020
quotes 26
Sustainability

‘Get started’ Rotary Club Ikeja-Alausa announces essay contest for JSS3, SSS students (Details inside)

by Freelanews
September 19, 2021
FAAN
Business

Aviation stakeholders calls for review over 40% TSA deduction

by Quadri Olaitan
May 24, 2023
#image_title
General

“I don’t feel like they have left me” – Davido opens up on losing people close to him

by Oreoluwa Ojelabi
March 31, 2023

Leave a ReplyCancel reply

ADVERTISEMENT

Recent News

midlife

Women embrace wild midlife retreats for stress relief

June 23, 2026
Louisiana

New Orleans man, 23, becomes first in Louisiana cured of sickle cell disease

June 23, 2026
Oshodi

Lagos shuts Oshodi market after violent trader attack

June 23, 2026
SEC

SEC cracks down on Dangote Refinery IPO promotions

June 23, 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
midlife

Women embrace wild midlife retreats for stress relief

June 23, 2026
Louisiana

New Orleans man, 23, becomes first in Louisiana cured of sickle cell disease

June 23, 2026
Oshodi

Lagos shuts Oshodi market after violent trader attack

June 23, 2026
SEC

SEC cracks down on Dangote Refinery IPO promotions

June 23, 2026
June 2026
SMTWTFS
 123456
78910111213
14151617181920
21222324252627
282930 
« May    
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

  • DSC01136 2 scaled

    Rotary Club of Ikoyi Metro wins global Rotary award after N150m hospital upgrade

    0 shares
    Share 0 Tweet 0
  • “What’s your name? What’s your rank?” Rivers CP challenges officers blocking highway in viral video

    0 shares
    Share 0 Tweet 0
  • First Bank MD Alebiosu receives threatening envelope with bullets

    0 shares
    Share 0 Tweet 0
  • Cubana Chief Priest tells Arise TV to host DNA test for Hellen Ati, her alleged son

    0 shares
    Share 0 Tweet 0

Just Published!

midlife

Women embrace wild midlife retreats for stress relief

June 23, 2026
Louisiana

New Orleans man, 23, becomes first in Louisiana cured of sickle cell disease

June 23, 2026
Oshodi

Lagos shuts Oshodi market after violent trader attack

June 23, 2026
SEC

SEC cracks down on Dangote Refinery IPO promotions

June 23, 2026
kidnap

Woman admits faking kidnap over N4m debt in Edo

June 23, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Editorial Charter
  • Corrections Policy
  • 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.