Tuesday, May 5, 2026
32.4 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

Why Botswana Has the Best Sovereign Rating in Africa

Sovereign credit strength across Africa is concentrated within a...

emPLE Nigeria Paid over N7bn Claims to Support Individuals, Families, Businesses in 2025

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

Passpoint Announces the Financial Orchestration Layer for Africa, Europe, G20

Passpoint, the financial infrastructure company building the orchestration layer...

Fixing the Real Problem with Nigeria’s SIM Recycling System

 By Elvis Eromosele Nigeria’s push to strengthen digital trust has...

Power, People, Finance: Critical Levers for SME Scale at Nigeria Business Summit 2026

Small and medium‑sized enterprises (SMEs) will only scale sustainably...

Topics

Global ICT Capacity Building Symposium for Nairobi

Nairobi is set to host ITU’s Global ICT Capacity...

Reps Issue 11-Day Ultimatum to CBN over Accounts

The Central Bank of Nigeria has received 11-day ultimatum...

NDIC CEO: “Greater Collaboration with Media Critical in Addressing Challenges in Reportage”

Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC) Bello...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Malta to Chair 2016 Commonwealth ICT Ministers Forum

Engr. Shola Taylor, Secretary-General of the Commonwealth Telecommunications Organisation...

NLNG: Adeleye Falade Assumes Office as New MD/CEO

Adeleye Falade has officially assumed office as the Managing...

P+ Measurement Services Wins 6 Awards in 2022…LaPRIGA, Brandcom, Others

P+ Measurement Services, Nigeria’s leading Independent Public Relations measurement...

AfDB, India to Boost Africa Relations

The President of the African Development Bank Group (AfDB),...
spot_img

Related Articles

Popular Categories

spot_imgspot_img