Sustainable energy Sustainable mobility in Africa is increasingly beginning to take hold. For its deployment, financial and technical support is necessary. It is in this sense that the Sustainable Energy Fund for Africa (SEFA), affiliated with the African Development Bank Group, will grant a donation of one million dollars in the form of technical assistance to the Facility for Green Mobility in Africa (GMFA).
Morocco as well as Kenya, Nigeria, Rwanda, Senegal, Sierra Leone and South Africa will benefit from the support of the Sustainable Energy Fund for Africa (SEFA) related to the African Development Bank Group . Indeed, the Bank has just announced that it will grant a donation of one million dollars in the form of technical assistance to the Facility for Green Mobility in Africa (GMFA). “Mobility is a fundamental element that connects people to essential services, jobs, education and opportunities,” said Nnenna Nwabufo, Managing Director of the African Development Bank’s Regional Office for East Africa. . And to continue: “The African Development Bank is committed to building a sustainable and more resilient future to climate change by catalysing private investment in low-carbon solutions”. It must be said that the Facility for Green Mobility in Africa provides technical assistance and investment capital to increase and accelerate private sector investment in sustainable transport solutions in these countries.
According to the African Development Bank, this donation will help create an enabling environment for electric vehicles, design electric vehicle business models and guidelines for the public and private sectors. It will also develop a bankable pipeline of e-mobility projects, ensure regional coordination and knowledge sharing, to help catalyze private sector financing in the next phase of Mobility Facility investment. green in Africa. “We believe that the African Green Mobility Facility will have a significant impact on the African market by accelerating the transition to green mobility, reducing greenhouse gas emissions by over 2.175 million tonnes of carbon dioxide equivalent carbon emissions and facilitating the creation of 19,000 full-time jobs,” notes Nnenna Nwabufo. For her part, the Director General of the Rwanda Development Board, Clare Akamanzi, explains: “The future demand for mobility solutions and vehicles is expected to increase with rapid urbanization, population growth and economic development”. And to continue: “We are delighted to receive this support from the African Development Bank. We consider it a vote of confidence in our efforts to shift to e-mobility solutions and advance Rwanda’s transition to a low-carbon economy”. Rwanda is one of the seven pilot countries of the Facility for Green Mobility in Africa.
Note that the Sustainable Energy Fund for Africa (SEFA) is a special multi-donor fund that provides catalytic financing to unlock private sector investment in renewable energy and energy efficiency. “It offers technical assistance and concessional financial instruments to remove market barriers, build a stronger pipeline of projects and improve the risk/return profile of individual investments”, indicates the African Development Bank, specifying that the main objective of the Fund is to contribute to universal access to affordable, reliable, sustainable and modern energy services for all in Africa, in line with the “New Deal” for energy in Africa and Sustainable Development Goal no. 7.
Overall, the African Development Bank supports several sustainable development projects in Africa with an ever-growing portfolio, particularly in renewable energy, forestry and resilience solutions in Africa. It also plays an important role in the implementation of climate investment funds. With CIF support, the bank is currently financing 39 investment plans in 27 countries in Africa to transform their economies through renewable energy, sustainable transport, climate resilience and sustainable forestry solutions. As of October 2022, the African Development Bank has validated 34 CIF projects amounting to $2.939 billion (ADB $1.993 billion, CIF $0.946 billion). Thus, the four CIF programs are the Clean Technology Fund (CTF), the Scaling Up Renewable Energy in Low Income Countries (SREP) Program, the Forest Investment Program (FIP) and the Pilot Program for Climate Resilience (PPCR). In Morocco, the projects supported by the AfDB are numerous. Examples include the PIEHER project, which partly concerns the Koudia El Badia wind farm, the support project for the national irrigation water saving program in Morocco, or the support project for the national water saving program of irrigation water in Morocco.