Energy is one of the most essential requirements for Africa’s development. In the 21st century, it is a matter of concern that over 620 million Africans still live without the benefits of an electricity connection. A reliable and affordable energy supply is key to generating the broad‑based and inclusive economic growth needed to make major inroads into poverty; it can transform the lives and livelihoods of Africans, helping them to take charge of their own development.
Energy is also a field of opportunity for Africa. The continent has significant share of the world’s renewable energy sources, of which only a fraction is under development. Africa has the potential to leapfrog over carbon‑intensive technologies and meet most of its future energy needs from renewable sources, putting it firmly on the path to green and inclusive growth.
The African Development Bank has therefore placed energy at the heart of its portfolio. Over the past four decades, we have invested over $13 billion in the energy sector, to boost generation capacity and rural electrification.
We help African countries build modern energy sectors that are socially, economically and environmentally sustainable.
We will support regional investments that link national electricity systems into regional power pools, to enable power‑sharing across national borders and promote more efficient regional planning of energy infrastructure.
Working closely with our member states and international partners, the Bank will help the continent and its people realise the vision of reliable, affordable and sustainable power for all Africans.