AFDB unveils $12bn Africa Power Initiative

The African Devolopment Bank has announced it plans to invest $12bn over the next five years under its new electrification program. The money will support its flagship New Deal on Energy for Africa Inititiative, which seeks to achieve universal access to power by 2025. More than 600m people in Africa are estimated to currently lack such access.

Source: African Business, May 2017

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