Dr Akinwumi Adesina, the President of African Development Bank (AfDB), says that the continent needs 35 billion dollars to close its power deficit.
A statement issued in Abuja on Wednesday by Jennifer Patterson, AfDB Acting Director, Communications and External Relations, said Adesina made the remark at the Centre for Global Development in Washington.
Adesina said that the bank’s vision for Africa was encapsulated in the High 5s.
“They are to “Light up and power Africa, Feed Africa, Industrialize Africa, Integrate Africa and Improve the quality of life for the people of Africa”.
He said to improve on energy, the bank had launched the New Deal on Energy for Africa with a commitment of 12 billion dollars over the next five years and with the goal of leveraging between 45 billion dollars and 50 billion dollars.
“Our goal is to connect 130…
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