Côte d’Ivoire: African Development Fund to Release $10.53 Million to Secure Electricity Access for Approximately 500,000 Inhabitants in 739 Localities

The project will have multiple economic impacts on the national economy at the financial and socio-economic levels

Egalement disponible en FrançaisTambém disponível em Português

ABIDJAN, Ivory Coast, October 7, 2022/APO Group/ — 

The Board of Directors of the African Development Fund, the concessional financing window of the African Development Bank Group (www.AfDB.org) has approved $10.53 million in financial support to Côte d’Ivoire. The funds, to be disbursed to the Ivorian government, will be used to connect 739 rural localities to clean, affordable electricity as part of the government’s ” Electricity for All Program.”

The funds comprise a $ 8.26 million loan and a $ 2.27 million grant.

“The project will have multiple economic impacts on the national economy at the financial and socio-economic levels. The reduction in energy expenditure, particularly for household lighting following connection to the electricity grid, will be a significant outcome,” said Marie-Laure Akin-Olugbade, the African Development Bank’s Director General for West Africa.

The project will facilitate domestic electrical installations and connect about 71,660 households (15% of them managed by women) to the electricity grid

The project will facilitate domestic electrical installations and connect about 71,660 households (15% of them managed by women) to the electricity grid. It will also electrify 7,168 business centres (health centres, schools, women farmers’ organisations and artisans.

As part of logistical support to 100 womens’ groups operating in the project area, the procurement of environmentally friendly electrical manufacturing equipment, as required, will be made for their benefit. In addition, the project will facilitate internships for young girls and boys who have completed vocational training centres and schools in these localities, to facilitate their integration into the workplace.

The 739 beneficiary communities of the project are located in the western district of Montages, two northern districts – Savanes and Woroba, and Zanzan in the north-east.

The direct beneficiaries of the project will be the Ivorian government, Côte d’Ivoire Energies, the Ivorian Electricity Company (CIE) and thousands of households that will be connected to the electricity grid. Vocational centres, schools, training centres, health centres, craft workshops and women’s professional groups will also benefit with electricity access for their activities.

An estimated 500,000 people living in the project’s impact area, according to a June 2022 estimate, will benefit indirectly from the project’s creation of improved essential social services.

Leave a Reply

Your email address will not be published. Required fields are marked *

Countries Cover Gas News

Policy Reform and Revitalization: The Key to Expanding South Africa’s Natural Gas Infrastructure

To support the expansion of its natural gas infrastructure and ensure a more prosperous future, there are several policy initiatives that South Africa should embrace By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). South Africa is in many ways one of the most modern countries in Africa, particularly with respect to electricity access. Yet […]

Read More
News

The African Energy Chamber Announces 2024 Entries for the “25 Under 40 Energy Women Rising Stars”

The AEC invites all eligible women who are making significant strides in the energy sector to apply or nominate a deserving candidate The African Energy Chamber (AEC) (https://EnergyChamber.org) is proud to celebrate the 25 under 40 women leaders transforming the African energy landscape. As a catalyst for global development, the African energy sector powers the modern […]

Read More
Cover Investment News

Establishment of the African Energy Bank (AEB): A Great Leap Towards the Continent’s Energy Independence

On June 4, 2024, the African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) formalized the creation of the African Energy Bank (AEB) by signing the establishment agreement and charter of the new institution. This historic event marks a crucial step towards the African continent’s energy independence and sustainable development. The AEB, a […]

Read More