The African Development Bank (AfDB) and the Green Climate Fund (GCCF) have signed a US$ 154 million financing agreement. The project is aimed at electrifying rural areas through renewable energy sources (RES) in Zambia. It is an alliance that promises to boost rural electrification in Zambia. The partnership is made up of the African Development […]
AFRICA: Oslo offers €30 million guarantee to renewable energy suppliers
The Norwegian government has decided to offer a guarantee of NOK 300 million (30 million) per year to renewable energy suppliers to guarantee their investments in low-income countries. Many of these countries are in Africa, south of the Sahara. Good news for renewable energy suppliers based in Norway. Dag-Inge Ulstein, Norway’s Minister for International Development, […]