AfDB Approves USD 3.9M for African Energy Access
Analysis based on 10 articles · First reported Jan 30, 2026 · Last updated Feb 02, 2026
The approval of USD 3.9 million by the African Development Bank for AESTAP Mission 300 Phase II is expected to positively impact the energy sector in 13 African countries, potentially attracting further investment and improving economic growth. This initiative aims to expand electricity access, which is crucial for industrial development and social progress across the continent.
The African Development Bank (AfDB) has approved a USD 3.9 million, two-year technical assistance project, AESTAP Mission 300 Phase II, to support 13 African countries in implementing their National Energy Compacts. This project is part of Mission 300, a joint initiative by the AfDB and the World Bank Group, aiming to connect 300 million Africans to electricity by 2030. The beneficiary countries include Chad, Gabon, Tanzania, Mauritania, Democratic Republic of the Congo, Kenya, Nigeria, Madagascar, Ethiopia, Malawi, Lesotho, Namibia, and Uganda. The assistance will focus on improving electricity regulations, planning, and tariffs, strengthening utilities, supporting data and research, and embedding expert advisers within national Compact Delivery and Monitoring Units. This phase builds on AESTAP Mission 300 Phase I, which provided USD 1 million for setting up these units. Wale Shonibare, Director at the AfDB, highlighted the project's goal of translating bold commitments into actual electricity connections for households and businesses.
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