Africa has, according to the Institute for Security Studies Africa (ISSA), the fastest-growing population in the world. The population on the continent is expected to grow by roughly 50% over the next 18 years. This population explosion, which is expected to reach around 1.8 billion in 2035, is going to need modern infrastructure in order to sustain it. One of the key elements of modern amenities is electricity. This has been a perennial problem for most countries on the continent and the African Development Bank (AfDB) is looking to give the industry a boost with a US$7 million fund for renewable electricity mini-grids.
“The board of directors of the African Development Bank (AfDB) has approved a US$7 million grant from the Sustainable Energy Fund for Africa (Sefa), for a new technical assistance initiative meeting the needs of the continent’s fast-evolving renewable mini-grid industry,”AfBD
The focus on mini-grids is because they have become an increasingly important feature of energy access on the continent. In a report by the International Finance Corporation (IFC), mini-grids are a key component to providing 500 million people in Africa with electricity by 2030.
The AfDB will be disbursing the funds through the Africa Mini-Grid Market Accelerator Program (AMAP). This program will run on four core pillars:
AMAP’s first phase is expected to lead to 880 000 new electricity access connections for over four million people as well as:
The Africa Mini-Grid Market Accelerator Program is not only going to help fulfil the AfDB’s ambition on a new deal on energy in Africa. But it is also going to help achieve the seventh UN Sustainable Development Goal which is for the access to affordable, reliable, sustainable and modern energy for all.