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
spot_img

Hot this week

NGX Group Chair, Umaru Kwairanga, Earns Fellowship of Capital Market Academics of Nigeria

ACCEPTANCE SPEECH AT THE CONFERMENT OF FELLOWSHIP OF CAPITAL...

NHEA 2026 Honours Nigeria’s Finest as FG Reaffirms Commitment to Healthcare Transformation

NHEA 2026: (L-R) Dr. Wale Alabi, NHEA Project Director;...

NAICOM, NCRIB, NCC, NLNG, Guinea, Stanbic IBTC Holding, Leadway, Universal, Others Drum Support for SUPERNEWS Confab July 7

Bluechip firms, government agencies and reputable organisations from various...

NCC Chief, Aminu Maida, is Special Guest of Honour at Business Journal Fintech & Financial Inclusion Roundtable 2026

Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC)...

Topics

Mutual Benefits Pays ₦13.6bn Claims in Q1 2026, Reinforcing Trust in Insurance

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

Marcel Ofomata Foundation to Host Free 2-Day Medical Outreach in Anambra to Mark 10th Anniversary

As part of its 10th Anniversary celebrations, the Marcel Ofomata...

CBN Grants Licence to 82 BDCs under Revised Guidelines

The Central Bank of Nigeria (CBN) in exercise of...

Unbanked Africans to Reap from Paxful, Bitmart Partnership

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

Afreximbank Unveils $3bn Facility to Cushion Impact of COVID-19

    Prof. Benedict Oramah President of Afreximbank The African Export-Import Bank (Afreximbank)...

Stanbic IBTC Holdings to Host 7th Edition of its Youth Leadership Series 

Stanbic IBTC Holdings, a leading financial services group committed...

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...
spot_img

Related Articles

Popular Categories

spot_imgspot_img