Japan-Africa Energy Initiative.

The Government of Japan and the African Development Bank AFDB  have signed a Letter of Intent to launch the Japan-Africa Energy Initiative (JAEI). The new deal is to provide significant support on Energy efficiency in Africa.  It aims to achieve universal access to energy by 2025, using available energy sources and the most advanced technologies.
The agreement was signed on the sidelines of the just concluded African Union Summit at the AU headquarters in Addis Ababa on 3 July 2017. The energy deal will transform Africa’s energy systems through a balanced and pragmatic least-cost energy mix that encompasses renewable and conventional sources.
Japan is set to provide up to US$ 6 billion in both concessional and non-concessional finance. The energy operations will support the provision of electricity for homes, schools, hospitals, agriculture, industries and clean cooking.

Read More : https://www.afdb.org/en/news-and-events/afdb-and-government-of-japan-launch-japan-africa-energy-initiative-17154/

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