Between 2023 and 2025, the Dutch government will finance 43 projects led by young entrepreneurs in Ivory Coast to the tune of 400 000 euros. The aim is to accelerate sustainable development in this West African country.
The money would go toward giving 739 rural communities access to affordable, clean electricity. The monies comprise an $ 8.26 million loan and a $ 2.27 million grant.
The Ivorian government is signing agreements with the European Union (EU) and the French Development Agency (AFD) to provide €6.89 million in funding. The funds will be used to finance a project aimed at electrifying rural areas.
The Ivorian company ICA (Ingénierie-construction-adduction d’eau) is starting work on the construction of 24 boreholes in the department of Sipilou, Tonkpi region in Ivory Coast. The installations will be equipped with human-powered pumps.
The Guard-Africa Initiative will catalyse conversations towards the accelerating implementation of the Nationally Determined Contributions (NDCs) in Kenya, Ethiopia, Tanzania, Rwanda, Niger, Cameroon, Zambia, Botswana, Morocco, Nigeria, Ivory Coast and Gabon.
Orange and Engie have joined forces to convert the telecom’s main data centre in Africa located in Côte d’Ivoire to solar power, helping to reduce its carbon footprint.
EDFI ElectriFI (Electrification Financing Initiative) is investing 1.5 million euros in Fin’Elle, a subsidiary of the financial group Cofina. This financing will help remove barriers to female entrepreneurship in renewable energy in Ivory Coast.
Despite a wide interest from the European private sector to invest in renewable energy, the volume of financial flows to Sub Saharan Africa remains negligible. Why is that?
Green Energy for African Citizens (GBE) and the German International Development Cooperation Agency (GIZ) are launching a financing programme based on the results of installations of solar systems for productive use in Ivory Coast.
The Ivorian subsidiary of the Dutch group Vivo Energy has signed an agreement with the start-up Coliba to manage its plastic waste. Vivo Energy Ivory Coast will equip 40 of its Shell service stations with bins to collect plastic bottles.