Wednesday, May 13, 2026
28 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

Leadway Assurance Partners FRSC to Reward Safety-Compliant Motorists Through ‘Arrive Alive Campaign’

L–R: Team Lead, Reinsurance, Specialty Risk & Global Client...

Repton CEO Calls for Digital Skills Acquisition at Lagos Career Fair

By Goke Ilesanmi Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO, Repton Group,...

Mutual Benefits Delights Customers with ₦5.5bn April Claims Payout

Mutual Benefits Assurance Plc has announced the payment of...

Topics

Polaris Bank, Partners Support 16,000 Students to Reduce Out-of-School Children in Nigeria

Polaris Bank, in partnership with key stakeholders, has reaffirmed...

Nigeria’s Headline Inflation Rate Drops to 15%

According to Cordros Capital, Nigeria’s headline inflation rate commenced...

Xend Finance Opens Transactions in Ghana Cedis, Kenyan Shilling on Mobile App

The first international Global Crypto bank, Xend Finance, just...

Forex MasterClass Course Opens in Lagos Sept 9

For Participation: Contact: Lagos Capital Group: Phone: 234(0)8035180508 or...

Linkage Assurance Reports Insurance Revenue of N16.4bn in Q3 2024

Linkage Assurance Plc has sustained its strong growth trajectory,...

All Set for Ecobank 2026 National Schools’ Team Chess Championship

L–R: Austen Osokpor, Head, Marketing and Corporate Communications, Ecobank...

iStore Unveils latest Apple iPad Pro Product

"As the home of everything Apple, iStore is proud...

Strategic International Communication of President Buhari’s Agenda

“Fellow Africans have become even more important publics of Nigeria's international public relations.” There is an on-going makeover of the international reputation of Nigeria since President Muhammadu Buhari came into office on May 29th. He has brought credibility to the governance of the country. The immediate implication is that the international community is now better disposed to working with Nigeria, especially with regard to enhancing security.
spot_img

Related Articles

Popular Categories

spot_imgspot_img