The European Investment Bank (EIB), the World Bank and the European Union (EU) will support a renewable energy program worth about €142 million in Gambia. The program will ensure that 1,100 rural schools and health centres will benefit from an energy supply using solar and battery technology. This includes €65 million under a 25-year long-term concessional loan from the European Investment Bank and a €41 million grant from the European Union budget. The project will be implemented by Gambian electricity utility company NAWEC and will increase energy supply in the Gambia by one fifth. The new engagement represents the first European Investment Bank engagement in Gambia since 1991.

Source: The North Africa Journal March 07, 2019 16:18 UTC