Africa50 to Launch Innovative Off-Grid Power and Green Infrastructure Funds

Africa50, the investment platform established by the African Development Bank (AfDB), is poised to create two new funds aimed at promoting off-grid power initiatives and advancing green infrastructure across the continent. This strategic move comes as nations in Africa grapple with the dual challenges of energy access and climate change, both integral to the continent's development trajectory.

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Off-Grid Industry Calls for $21 Billion to Expand Global Power Access

The off-grid energy sector is sounding the alarm, stating that a significant investment of $21 billion is essential to enhance electricity access for millions worldwide. This urgent call to action is driven by the persistent struggles faced by numerous regions still lacking reliable power supply. Experts within the off-grid industry believe that increasing funding could drastically improve living conditions, enhance economic opportunities, and ultimately contribute to sustainable development goals.

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