In Africa, a new initiative by the The African Development Bank Group (AfDB), called the ‘Transformative Partnership on Energy' will support the ‘New Deal on Energy for Africa'. AfDB President Akinwumi Adesina presented the Transformative Partnership and New Deal at the World Economic Forum in Davos, Switzerland in January.
The New Deal aspires to achieve universal energy access in Africa by 2025. The Transformative Partnership is envisioned as a platform for public-private partnerships for innovative financing in Africa's energy sector.
AfDB is working with governments, the private sector, bilateral and multilateral agencies to develop a Transformative Partnership on Energy for Africa.
Photo © AfDB