Italy has committed a new €5 million to support Africa’s sustainable energy initiatives through the Special Fund of the Sustainable Energy Fund for Africa (SEFA).
The announcement of this new contribution was made by Vannia Gava, the Italian Deputy Minister of Environment and Energy Security, during a side event at the 2023 United Nations Climate Change Conference, COP28, on Monday.
The event co-organised by Res4Africa Foundation and GSE co-organised focused on the necessity of private sector investments to expedite the sustainable transformation of Africa’s electricity sectors, and the critical role of technical assistance programmes in achieving this goal.
According to the International Energy Agency (IEA), more than 600 million Africans lack access to energy, resulting in an electricity access rate of just over 43 percent for African countries, the lowest globally. In rural areas, where over 80% of the electricity-deprived live, mini-grids and stand-alone systems, mostly solar-based, are the most viable solutions
Source: BI
