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Access to electricity in Côte d'Ivoire: Financial support of 10.53 million USD authorized

12/10/2022
Categories: Sectors

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On October 3, in Abidjan, the Board of Directors of the African Development Fund authorized financial support of $10.53 million in favour of Côte d'Ivoire for Ame Improve access to electricity in the country.

In June, the Ivorian government received 7.1 million USD from the EU to improve access to electricity in Côte d'Ivoire. This time, the Board of Directors of the African Development Fund awarded $10.53 million for the same cause. According to the World Bank, this financing is essential to continue the electrification of the country, whose access rate in rural areas was 43.1% in 2020.

In reality, this funding will allow the country's government to connect 739 rural communities to the grid, guaranteeing good quality electricity to more than 500,000 inhabitants It's clean, less polluting, and affordable.

The funding is also part of the “Electricity for All Program” adopted on May 27, 2014 and includes a loan of $8.26 million and a donation of $2.27 million. For the ADB's CEO for West Africa, Marie-Laure Akin-Olugbade, “the project will have multiple financial and social impacts for the national economy. The reduction in energy expenditure, especially for household lighting services following their connection to the electricity grid, is an important result.”

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