Sunday, December 14, 2025
32.8 C
Lagos

Africa Power Vision Plans to Electrify 80% of Households by 2040

Africa’s electrification recently welcomed a new advocate, Africa Power Vision (APV). APV is a joint-venture established by the African Union Commission, the NEPAD agency, Nigeria’s ministry of finance, the UN Economic Commission for Africa and the African Development Bank. It aims to boost the number of people that has access to power across the continent.

“APV aims to achieve an 80% residential electrification rate by 2040 and 90% for industry/business, with sufficient energy to deliver to those connected, while also implementing off-grid solutions and making full usage of the vast renewable energy sources in Africa,” NEPAD said in a statement.

The project plans for, among other things, the construction of an 8,000km-long transmission line across Egypt, Sudan, South Sudan, Ethiopia, Kenya, Uganda, Tanzania, Malawi, Mozambique, Zambia, Zimbabwe and South Africa. The line which will greatly facilitate trade between Eastern and Southern African nations will have a capacity of 3,000MW – 17,000MW.

Establishing APV was done in the framework of the Programme for Infrastructure Development in Africa (PIDA).

-Gwladys Johnson

spot_img
spot_img
spot_img

Hot this week

FG to Empower Businesses with N1.4tn in 2026 via Tax Reform

Mr. Taiwo Oyedele, Chairman of the Presidential Committee on...

NCC Promises Seamless Quality of Service Despite Challenges in Abuja

The Nigerian Communications Commission (NCC) acknowledges the Quality of...

Stanbic IBTC FUZE Festival Returns with The Ultimate Show on Saturday, Dec 20

Stanbic IBTC, a member of Standard Bank Group, has...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

Topics

NGX, PenCom to Deepen PFAs’ Equity Participation with Pension Broad Index

Nigerian Exchange Limited, in collaboration with the National Pension...

Afrinvest, FSDH, Others Place “Buy” on Fidelity Bank Stock

Highly-rated, independent investment advisory firms have picked Fidelity Bank...

NAIPCO 2022 Confab: The Importance of SMEs in Micro Insurance, Pension

As the November 3, 2022 date for the Annual National Conference...

NSIA Unveils Radio Campaign to Reach Clients, Grow Market Share

NSIA Insurance starts off the second quarter of the...

NLNG Receives FIRS’ Most Compliant Taxpayer Award

NLNG’s representative, Titi Horsfall (2nd left) receives the FIRS’...

UBA Celebrates Resilience, Innovation, Customer Service at 75

The United Bank for Africa (UBA) Plc has attributed...

Unbanked Africans to Reap from Paxful, Bitmart Partnership

Paxful, a peer-to-peer Bitcoin marketplace has announced integration onto...

Fidelity Bank Wins 2025 DBN Innovation Award for MSME Support

In recognition of its exceptional contributions to innovative financial...
spot_img

Related Articles

Popular Categories

spot_imgspot_img