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Green mobility in Africa: SEFA granted a grant of 1 million USD in the form of technical assistance

03/02/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Le site du Sustainable Energy Fund for Africa (SEFA) announced on Tuesday, January 31, 2023 that the Pan African agency has awarded a grant of 1 million USD in the form of technical assistance to the Facility for green mobility in Africa (GMFA). SEFA is managed by the African Development Bank (AfDB).

Le financement de la SEFA aidera à increase private sector investments in sustainable transport solutions in seven African countries such as Kenya, Morocco, Nigeria, Rwanda, Senegal, the Sierra Leone and South Africa. According to Nnenna Nwabufo, managing director of é the é office r. é African Development Bank Regional ' Development Bank ' Is “the African Green Mobility Facility will have a significant impact on the African market by accelerating the transition to green mobility, reducing greenhouse gas emissions by more than 2%, 175 millions of tons of carbon dioxide equivalent and by facilitating the creation of 19,000 full-time jobs ”.

The main mission of the Sustainable Energy Fund for Africa (SEFA) is to unlock private sector investments to enable African countries to access renewable energy and promote energy efficiency.

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