The grant from the African Development Fund — the concessional window of the African Development Bank Group — will go to the ECOWAS Regional Electricity Regulatory Authority. The first involves selecting electricity regulatory principles and key performance indicators from the African Development Bank’s flagship Electricity Regulatory Index for Africa report, to be adopted by the ECOWAS Regional Electricity Regulatory Authority. The final component focuses on program management and capacity building, which will be co-financed with the Regional Electricity Regulatory Authority. “Ultimately, this project will facilitate regional electricity trade and help improve access to electricity,” said Solomon Sarpong, project team leader at the African Development Bank. “It will address major causes of fragility, such as infrastructure bottlenecks, youth unemployment, environmental challenges, gender inequalities, and regional development imbalances,” he added.

Source: The North Africa Journal June 28, 2022 13:52 UTC