• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Africa50 Commits $100m To Accelerate Africa Renewable Energy Projects

by Olushola Bello
1 year ago
in Business
Africa50
Share on WhatsAppShare on FacebookShare on XTelegram

Africa50 will be putting up to $100 million to fund and co-finance renewables-based energy transition projects and infrastructure across Africa through IRENA’s Energy Transition Accelerator Financing (ETAF) platform, reinforcing efforts towards sustainable development and climate action across the continent.

Advertisement

This follows Africa50 partnership with the International Renewable Energy Agency (IRENA).

The agreement was signed yesterday on the margins of the OPEC Fund Development Forum in Vienna by director-general of IRENA, Mr. Francesco La Camera and Africa50 CEO, Mr. Alain Ebobissé.

La Camera stated that “for the first time in a decade, the most recent data show that the number of people without access to electricity has increased significantly.

“With Sub-Saharan Africa representing the majority of those impacted, we must be diligent and committed to urgently addressing this growing issue. Renewables represent the most effective, climate-safe solution available, and this partnership with Africa50 will be pivotal in strengthening the ETAF Platform’s impact across Africa.”

RELATED

GTCO Declares Pre-tax Profits Of N300.4bn In Q1

GTCO Crosses N500bn Capital Base With Fresh Fund Injection

5 hours ago
JUST-IN: Federal Gov’t Increases Mining Fees, Royalties To Be Paid Operators

Scholarship Beneficiaries Seek Minister’s Intervention Over Mining In Community

5 hours ago
ADVERTISEMENT

CEO of Africa50, Mr. Alain Ebobissé said, “the continent must focus on the dual goals of reducing emissions and accelerating economic development. Investing in and developing transformational renewable infrastructure is a critical step to achieving net-zero.

“The IRENA ETAF platform will be an important launchpad to scaling and accelerating our investments into renewable projects that will ultimately reduce the negative impact of climate change on our people and help build a more sustainable future.”

The ETAF platform, established in 2021 with support from the United Arab Emirates, aims to scale up renewable energy projects that contribute to Nationally Determined Contributions (NDCs) in developing countries, while also bringing benefits to communities through enhanced energy access and security, and promoting economic growth and diversification.

ADVERTISEMENT

With Africa50 now on board, the ETAF Platform has grown to include 14 partners, pledging a total of $4.15 billion, highlighting its role as one of the most inclusive financing platforms for a renewables-based energy transition. The partnership leverages IRENA’s global membership to attract project proposals through the ETAF Platform and Africa50’s expertise in project development and equity financing.

 

 


Join Our WhatsApp Channel



Tags: Africa50
SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

Nigeria’s Cryptocurrency Market Valued At $400m – SEC

Next Post

World MSME Day: Moniepoint Recommits To Holistic Support For MSMEs

Olushola Bello

Olushola Bello

You May Like

GTCO Declares Pre-tax Profits Of N300.4bn In Q1
Business

GTCO Crosses N500bn Capital Base With Fresh Fund Injection

2025/08/30
JUST-IN: Federal Gov’t Increases Mining Fees, Royalties To Be Paid Operators
Business

Scholarship Beneficiaries Seek Minister’s Intervention Over Mining In Community

2025/08/30
Business

Budget Office Explains Delay In Budget Implementation Reports

2025/08/30
T2, Huawei Ink Multi-Million Dollar Deal For Core Network Overhaul
Business

T2, Huawei Ink Multi-Million Dollar Deal For Core Network Overhaul

2025/08/30
Maltina Rolls Out New PET Bottles
Business

Maltina Rolls Out New PET Bottles

2025/08/30
Abia Think Tank Calls For Govt Accountability, Inclusivity
Business

Abia Govt To Revive Moribund Industries In Aba

2025/08/30
Leadership Conference advertisement

LATEST

Man Utd Agree Napoli Loan Deal For Hojlund

North-East Govs Call For Multidimensional Approach To Tackle Region’s Insecurity

Oyo Gov’t Dangles AI-backed Reforms To Curb Low Literacy Rates

1 Dies, 5 Injured As Car Rams Into Crowd In Northern France

Low Voter Turnout, Late Arrival Of Materials Mar Rivers LG Polls

Court Blocks Trump’s Use Of Emergency Powers For Tariffs

Police Arrest Lady Who Faked Own Kidnap In Anambra

‘Rivers LG Polls Peaceful, Coast Clear For Lifting Emergency Rule,’ Says Wike After Voting

UK Moves To Cut Migration, Bans 100 Occupations From Foreign Recruitment

Adamawa Politician Ardo Accuses Primate Ayodele Of Bigotry Against Fulani

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.