Tuesday, February 24, 2026

ADF approves $5.5 million grant to fund phase two of flagship Desert to Power energy project

The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan.
Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public Good window of the African Development Fund, the concessional arm of the African Development Bank Group. The project will develop technical studies for regional solar parks and associated battery storage near regional energy interconnectors, high-voltage cables that connect the electricity systems of neighboring countries. The initiative will also strengthen the technical capacity of the implementing agency, the Intergovernmental Authority on Development (IGAD), a trade bloc that includes governments from the Horn of Africa, Nile Valley and the Great Lakes region.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

*Investment Opportunity – Beer Garden Inn hotel & apartments*

The founder of Beer Garden Inn hotel & apartments...

Shaping a Human-Centric Future for AI – AI Impact Summit 2026

At a defining moment in human history, the world...

The Politics of Performance and Economic Development

Economic development has never been a purely technocratic exercise....

Run Confident, Live Smart: Ethiopia’s Women First 5km Kicks Off Registration

Registration has officially opened for the 2026 Safaricom Women...

Turkey in the Horn: Business Diplomacy or Strategic Command?

President Recep Tayyip Erdoğan’s recent visit to Ethiopia marks...
spot_img

Related Articles

Popular Categories

spot_imgspot_img