• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Mauritania to hurl its First Liquefied Natural Gas (LNG) Exports in Mid-2024 Minister of Petroleum Mines and Energy Nani Chrougha disclosed
    …a USD 54 Million note to be sold as an amount of a $200 million Green Bond program Corporation Zambia to issue its First Green Bond at the end of 2023
    Tanzania Exhorted the Private Sector to invest in Local Manufacturers to enable the Production of Fish Feed and Fingerlings to bridge the Market Fissures
    South Africa’s Automotive Industry is plausible to produce its First Electric Vehicle (EV) in 2026
    Kenya hovered to Privatize 35 State Companies after Enacting a Law last month to guide the Operation Kenya’s President disclose
    Kenya and Zambian Travel agents inscribed a Strategic Partnership Deal to enhance the Travel Industry
    Uganda in alliance with development partners unveiled the planet GOLD Uganda Project
    EXIM Bank to the Ministry of Food and Agriculture (MoFA) towards the National Farmers’ Day celebrations
    East African Community (EAC) to Develop Health Data Governance to Foster Digital Transformation of the Health Sector in East Africa
    $2.2 Billion being committed by Sun Africa and its Partners for Power Infrastructure in Nigeria

    AfDB offer Nigeria with Energy Solutions

    Posted On 22 Mar 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Photo Credit: The American Prospect

    NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana- African Development Bank ( AfDB ) and Government of Nigeria have launched National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini-grid and off-grid solutions.

    The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal energy access by 2030.

    Joint financing of  US$200 million from Africa Development Bank and Africa Growing Together Fund (AGTF) will help to scale-up private sector investment in the off-grid sector, nurturing a business ecosystem conducive to the rapid electrification of Nigeria’s off-grid communities.

    Speaking at the launch, Nigeria’s Minister of State for Power, Mr. Goddy Jedy Agba, thanked the African Development Bank for investing in the project, and highlighted its transformative potential.

    “Imagine the impact a project like the NEP will have when it is replicated across rural communities in the country,” he said.

    The Bank’s Acting Vice President for Power, Energy, Climate Change and Green Growth, Wale Shonibare, outlined the expected development outcomes of the project.

    “Over 500,000 people will have access to approximately 76.5 MW of increased installed power of which 68 MW will be solar generated,” he said.

    Eight universities will have access to reliable energy, he added, and 150 female students will receive training on renewable energy solutions. In addition, 20,000 micro, small and medium-sized enterprises (MSMEs) will be supplied with appliances and equipment.

    Mr. Ebrima Faal, Senior Director for the African Development Bank in Nigeria, said the NEP and other Bank-supported energy projects had been carefully designed to ensure that Nigerians have better access to reliable, affordable and safe power.

    The NEP is aligned with the African Development Bank’s New Deal on Energy for Africa, the High 5 priorities and the Bank’s Climate Change Action Plan. The project is also aligned with the Federal Government of Nigeria’s Rural Electrification Strategy and Implementation Plan (RESIP) and the Power Sector Recovery Programme, which has the objective of increasing private investments in the energy sector.

     

     

    NEW AFRICA BUSINESS NEWS
    ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER.    INFO@NEWAFRICABUSINESSNEWS.COM

     

     

    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    Websitewho.int/emergencies
    Coronavirus Q&A, World Health Organization
    Websitewho.int/news-room
    Coronavirus condition overview, World Health Organization
    Websitewho.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov 

    Invest in Modern Africa
    Africa the Fastest Growing Continent in the World. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com  .Africa President of the year will be announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

    The Global International Company
    International Business Consultant Company, Specialize With Companies Want To Do Business or Doing Business In Africa & The United States. Contact:  info@theglobalinternational.com

    Insurance Partners, LLC, A MBowe Group Company
    Insurance Needs. Contact: info@buyusinsurance.com, Visit: https://thembowegroupinc.business.site/

    www.newafricabusinessnews.com
    Africa’s Most Read and Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Liberia, $40 Million Certified by Lawmakers in the House of Representatives

    Next Story

    US$53 Million set aside as Loans to Improve the Liquidity of Commercial Banks by the National Bank of Rwanda

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Mauritania to hurl its First Liquefied Natural Gas (LNG) Exports in Mid-2024 Minister of Petroleum Mines and Energy Nani Chrougha disclosed

    Posted On 11 Dec 2023

    …a USD 54 Million note to be sold as an amount of a $200 million Green Bond program Corporation Zambia to issue its First Green Bond at the end of 2023

    Posted On 09 Dec 2023

    Tanzania Exhorted the Private Sector to invest in Local Manufacturers to enable the Production of Fish Feed and Fingerlings to bridge the Market Fissures

    Posted On 08 Dec 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    Mauritania to hurl its First Liquefied Natural Gas (LNG) Exports in Mid-2024 Minister of Petroleum Mines and Energy Nani Chrougha disclosed

    …a USD 54 Million note to be sold as an amount of a $200 million Green Bond program Corporation Zambia to issue its First Green Bond at the end of 2023

    Tanzania Exhorted the Private Sector to invest in Local Manufacturers to enable the Production of Fish Feed and Fingerlings to bridge the Market Fissures

    Recent Posts

    • Mauritania to hurl its First Liquefied Natural Gas (LNG) Exports in Mid-2024 Minister of Petroleum Mines and Energy Nani Chrougha disclosed
    • …a USD 54 Million note to be sold as an amount of a $200 million Green Bond program Corporation Zambia to issue its First Green Bond at the end of 2023
    • Tanzania Exhorted the Private Sector to invest in Local Manufacturers to enable the Production of Fish Feed and Fingerlings to bridge the Market Fissures
    • South Africa’s Automotive Industry is plausible to produce its First Electric Vehicle (EV) in 2026
    • Kenya hovered to Privatize 35 State Companies after Enacting a Law last month to guide the Operation Kenya’s President disclose

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.