Search

Africa Guarantee Fund’s $5 Billion Facility to Spur Continental Energy Access

© Allen Dreyfus
  • The African Guarantee Fund establishes a $5 billion guarantee facility to accelerate electricity access 
  • Initiative supports AfDB and World Bank’s Mission 300 plan to electrify 300 million people in five years

Abuja, Nigeria – The African Guarantee Fund has set up a $5 billion guarantee facility to help the African Development Bank (AfDB) expand electricity access across the continent by financing small and medium-sized businesses involved in distributed renewable energy solutions.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Namibia Cuts Key Rate to 6.75% as Inflation Moderates
Read More »
breaking_news
Zambia's Central Bank Raises Key Rate to 14.50% to Curb Inflation
Read More »
etty-fidele-oJpkjWcScyg-unsplash
African Cocoa Farmers Push for Sustainability as EU Rules Tighten
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights