Friday, January 9, 2026
26.3 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

A Rejoinder To ‘Bola’s Tax’: When ‘Simple Logic’ Becomes Simple Misdirection

  Dr. Zacch Adedeji Executive Chairman FIRS By Tanimu Yakubu THE essay you circulated...

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

Unity Bank Disburses over N270 Million to Corpreneurship Winners

Unity Bank Plc has disbursed over N270 million in...

NCC, CBN Set to Roll Out Refund Framework for Failed Airtime and Data Transactions

In line with the consumer-focused objectives of the Nigerian...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Topics

Aiteo Founder, Peters, Wins Forbes Oil & Gas Leader of the Year Award 2018

R-L: Benedict Peters, Founder of AITEO Group receiving the...

Equity Market Remains Upbeat… NSE ASI Advances for 8th Session

The Nigerian equities market sustained its bullish run today,...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

Interswitch Recognised as Leading Company in Diversity, Equity, Inclusion

L-R; Chinenye Tony-Chidolue, Organizational Development Manager, Interswitch and Michael...

Portugal Football Club Signs on 19-Year-Old Nigerian- born Yaqub Usman-Malah

L-R: President, Brito Sport Club, Jose de Castro Dias and Nigerian-born young...

CHI Settles Accident Claims of Second Insurance Journalist

Consolidated Hallmark Insurance (CHI) Plc, for the second time...
spot_img

Related Articles

Popular Categories

spot_imgspot_img