The package aims to address the disparities between urban and rural electrification, which currently stands at 65% and 25%, respectively.
The financing forms part of a broader electrification initiative launched by Chinese technology company Huawei in 2016, which to date has provided access to electricity to over 26,000 households across 350 villages in the country.
Representing the third phase of the project, the Afreximbank-financed initiative will bring not only improve access to power but help diversify the country’s energy mix.
