Publication - The New Deal on Energy for Africa: A Transformative Partnership to Light Up and Power Africa by 2025 - Update on Implementation
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Title
The New Deal on Energy for Africa: A Transformative Partnership to Light Up and Power Africa by 2025 - Update on Implementation
Publisher
African Development Bank Group (AFDB)
Published in
April 2017
Abstract
The New Deal on Energy for Africa is a partnership-driven effort with the aspirational
goal of achieving universal access to energy in Africa by 2025. To achieve this goal, the African Development Bank has worked with governments, the private sector, and bilateral and multilateral energy sector initiatives to develop a Transformative Partnership on Energy for Africa – a platform for publicprivate partnerships for innovative financing in Africa’s energy sector.
The New Deal on Energy for Africa helps to unify all the other initiatives that are currently geared towards achieving the goals of universal access in Africa. It focuses on five key principles: raising aspirations to solve Africa's energy challenges; establishing a Transformative Partnership on Energy for Africa; mobilizing domestic and international capital for innovative financing in Africa’s energy sector; supporting African governments in strengthening energy policy, regulation and sector governance; and increasing the African Development Bank's investments in energy and climate financing.URL
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