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SEFA 2.0 continued its momentum in 2022, unlocking private sector-led renewable energy and energy efficiency projects across the African continent, despite new challenges arising from Russia’s invasion of Ukraine as well as extreme climate events such as droughts and hurricanes in various parts of the continent. The year saw the approval of eight projects for a combined funding amount of USD 46.5-million, enabling investments expected to generate 241 MW in new capacity, approximately 5 000 new electricity connections, 5 952,418 tCO2 of GHG emissions reductions, and creating around 745 ne...

UNIVERSAL ENERGY ACCESS AND A CLEAN ENERGY TRANSITION With an active portfolio of energy projects totalling over USD 12 billion, the Bank is a key stakeholder and influencer in supporting access to clean and affordable energy across the African continent. The New Deal on Energy for Africa aims at achieving universal energy access, with priority given to low-carbon technologies

The path to Africa’s energy transition

The Sustainable Energy Fund for Africa (SEFA) has extended a $1 million grant to help accelerate African countries’ transition to flexible green grids and other clean power solutions ahead of the 2021 United Nations Climate Change Conference, COP26, scheduled to be held later this year. The technical assistance grant, sourced through a SEFA Rapid Response […]

By Temitope Ponle Abuja, May 26, 2021 The Sustainable Energy Fund for Africa (SEFA) has extended a one-million-dollar grant to African countries for transition to flexible green grids and other clean power solutions. This is contained in a statement by the African Development Bank (AfDB) on Wednesday. The fund is ahead