Monday, August 11, 2025
27.5 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

Hot this week

Debunking Money Myths: Stanbic IBTC Asset Management Empowers Nigerians with Financial Knowledge

In an effort to enhance financial literacy and empower...

Zest: Revolutionising Payment Solutions for African Businesses

African enterprises are rapidly discovering that fragmented payment systems...

Winners Emerge in 2025 Lagos Has Talent – Climate Edition

L-R: Senior Manager, Inclusive Climate Action and Knowledge –...

Ekiti State Residents Benefit from Fidelity Food Bank Programme

L-R: Church Administrator, St. Patrick Catholic Church, Ado-Ekiti, Reverend...

9mobile Commences Strategic Brand Transition to T2, a New Era of Market Reinvention, Digital Leadership

L-R: Michael Ikpoki, Ibrahim Puri, both Members of the...

Topics

Lagos-Calabar Coastal Highway: A Catalyst for Nigeria’s Blue Economy

By Moses Braimah The Lagos-Calabar Coastal Highway represents an economic...

Manage Your Career Beyond Degree, says Kendor Consulting CEO

L-R: Mr. Orimolade Oluwamuyemi, Regional Marketing and Communications Coordinator –...

Emefiele, IMF Chief for FMDA Financial Markets Conference

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin...

Kagame, Elumelu for Young Entrepreneurship Day at Africa 2017 Forum

HE Paul Kagame, President of Rwanda and chairman of...

AIICO Insurance to Deepen Insurance Penetration in Nigeria

Mr. Babatunde Fajemirokun Managing Director/CEO AIICO Insurance Plc AIICO Insurance Plc has...

‘Tokyo 2020 Olympic Games to Go On Despite Coronavirus’

Yesterday, the International Olympic Committee (IOC) met with all...

Sterling HoldCo Moves Ahead in recapitalisation, Cements Regulatory Approval

Sterling Financial Holdings Company PLC has achieved another milestone...

Leadway Group Hosts Media Training to Elevate Financial Reporting

Leadway Group, Nigeria's leading non-banking financial services group, has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img