top of page

Africans Asked to Raise Billions for Energy Access Plan

African countries are being asked to stump up billions for a vast network of power plants across the continent which could bring light to 645 million people lacking electricity.

Under plans outlined by the African Development Bank, the continent’s 54 nations will be asked to boost investment in energy from 0.4% of GDP to 3.4%, and slash subsidies for kerosene and diesel.

The bank’s ‘New Deal’ initiative was launched on the sidelines of the World Economic Forum in Davos on Thursday, aiming to add 160 gigawatts of capacity by 2025.

Claudia Daggett


bottom of page