ETHIOPIA – The African Development Bank (AfDB) Group’s Sustainable Energy Fund for Africa (SEFA) has committed US$8 million in mixed financing to support the electrification of rural Ethiopia using solar mini-grids.
This investment, announced recently by the AfDB Board of Directors, will benefit the Distributed Renewable Energy-Agriculture Modalities (DREAM) program.
The funding—comprising concessional loans, grants, and risk mitigation measures—aims to pilot a business model integrating mini-grids with agro-industrial operations at nine sites across Ethiopia.
Through innovative solutions, the DREAM program addresses the intertwined challenges of water, energy, and food security.
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