Plan to get electricity to more Africans wins $8 billion in new pledges

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DAR ES SALAAM :An initiative to connect 300 million Africans to electricity in the next six years has won new pledges worth more than $8 billion from lenders including the Islamic Development Bank and the Asia Infrastructure Investment Bank.

FILE PHOTO: Delegates attend the Africa Energy Summit in Dar es Salaam, Tanzania January 27, 2025.

Half of the targeted new connections will get electricity from existing national grids, officials said at the summit, while the other half will be from renewable energy sources, including wind and solar mini-grids.

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Category: EconomyBusiness

Markets: SingaporeChileZambia

Topics: President Development Bank Africa Tanzania Energy Initiative Summit Million Billion Electricity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 23:25:47 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 460 words

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Sentences: 18 lines

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