By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    2 minutes ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    23 hours ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    2 days ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    2 days ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 days ago
  • Africa
    Africa
    Show More
    Top News
    FAO, African Union Launch New Publications To Strengthen Agribusiness In Africa
    1 year ago
    PAIX Data Centres announces the construction of a new ultra-modern data centre in Dakar, Senegal
    PAIX Data Centres Unveils New Ultra-modern Data Centre In Dakar, Senegal
    5 months ago
    Tanzania: United Nations Women Strengthen Voice And Agency Of Women With Disabilities
    2 years ago
    Latest News
    Ooni’s Wife, Olori Temitope Enitan-Ogunwusi Takes Ile Ife Royalty To ADWIN Launch In Cote d’Ivoire
    3 weeks ago
    Independent UN Body Finds Systemic Racism Against Africans And People Of African Descent
    3 weeks ago
    Public Exit: Why South Africa Businesses Are Moving To Private Cloud
    4 weeks ago
    Cameroon Tops List Of World’s Most Neglected Displacement Crises
    1 month ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    VIDEO: Political Thugs Unleash Mayhem On Lagosians, Voters Run For Safety During Presidential Poll
    2 years ago
    Adeleke To Aregbesola: I Will Make Sure I Complete Your Govt’s Abandoned Projects
    2 years ago
    It’s Landmark Judgement, Lagos APC Chieftain, Prince Mohammed Hails Tinubu’s Victory At Tribunal
    2 years ago
    Latest News
    Lagos LG Poll: Tunde Disco/Ganiyu Obasa Intensify Campaign In Agege
    7 days ago
    PHOTOS: Vinod Obasa Joins Other Lagos APC LG Candidates At Sanwo-Olu’s Reception
    1 week ago
    Lagos Lawmaker Praises Tinubu For Helping Nigeria Breathe Again
    4 weeks ago
    LG Election: Stakeholders Appeal To APC Not To Allow Chairmen Run For 3rd term
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    CFE Foundation Seeks Sponsors to Sustain Humanitarian Programs Amidst Funding Challenges
    42 minutes ago
    2025 World Drug Day: CIKDAS, Flour Mills, Planet Bottling Company Partner To Combat Drug Abuse Amongst Youths
    3 days ago
    D2D Satellite Comms: Nigeria’s Space Research Agency Signs MoU With Chinese Firm, Galaxy Space
    2 weeks ago
    Substance Use Prevention In Focus As NDLEA, UNODC Unveil 2025 World Drug Day Activities
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Whiskey: Burna Boy’s Story On Pollution, Flood And Negligence
    3 years ago
    XPression With CDO Train To Hit Nigerian Campuses Soon
    2 years ago
    Asake Out With 14-track ‘Work of Art’ Album
    2 years ago
    Latest News
    The Drama Returns As BBNaija ‘No Loose Guard’ Reunion Premieres June 23
    2 weeks ago
    You Can’t Fake it — James Omekwe On MultiChoice’s Impact On African Filmmaking
    3 weeks ago
    Jkenova and Ellacentric Exit Nigerian Idol Season 10 In Emotional Farewell
    3 weeks ago
    MultiChoice Africa x African Storytelling: How Local Content Shapes Local Culture
    4 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Lagos To Celebrate Annual Yoruba Culture Last Week Of September
    1 year ago
    Glame Attires Steals The Show At Warri Fashion Lifestyle Festival
    2 years ago
    2nd International Conference for Event Ushers Holds In Ibadan
    4 months ago
    Latest News
    Noble Call to Service: Inside the Induction of 104 New Knights of St. Mulumba
    2 weeks ago
    Joining The Knighthood Brings You Closer To God -Sir Eva Njemanze
    3 weeks ago
    Africa Tech Festival Unveils Strategic Themes For 2025 Event,
    3 weeks ago
    Lagos SWAN Joins UN To Celebrate World Nutrition Month At Unilag Confab
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Unity Bank
    Unity Bank Empowers Young Entrepreneurs With ₦16M Business Grant
    18 hours ago
    NNPCL Board Accused Of Planning Lavish Party In Rwanda Amidst N210tn Financial Scandal
    2 weeks ago
    Can the African Energy Bank Transform the Continent’s Refining and Downstream Future?
    3 weeks ago
    Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu
    1 month ago
    Afreximbank
    Afreximbank Reports Strong Performance For Q1 2025 In Line With expectations
    1 month ago
  • Health
    Health
    Show More
    Top News
    Lagos Hospital Holds Orientation Programme For House Officers
    5 months ago
    Merck Foundation, African First Ladies Mark World Cancer Day 2023 With 110 Scholarships Of Oncology Fellowships In 25 Nations
    2 years ago
    European Heart Rhythm Association Awards Gold Medal to Footballer Iker Casillas
    2 years ago
    Latest News
    Online Education Can Enhance Clinical Guideline Use By Over 50% 
    3 weeks ago
    The Hidden Lifeline – Blood Security And Africa’s Health Agenda By Dr Allan Pamba
    3 weeks ago
    Apepa or Arterial Blockage? The Urgency of Self-Care After 45 By Babafemi Ojudu
    4 weeks ago
    Roche Launches Diagnostics Operations In Nigeria,
    1 month ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: AfDB’s $1 Million Grant To Drive Electric Mobility Shift In Seven African Nations
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Breaking News > AfDB’s $1 Million Grant To Drive Electric Mobility Shift In Seven African Nations
Breaking NewsIndustry & Labour

AfDB’s $1 Million Grant To Drive Electric Mobility Shift In Seven African Nations

Last updated: 2023/02/01 at 8:28 AM
2 years ago
Share
SHARE

The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) Group will provide a $1 million technical assistance grant to the Green Mobility Facility for Africa (GMFA).

GMFA provides technical assistance and investment capital to accelerate and expand private sector investments in sustainable transport solutions in seven countries: Kenya, Morocco, Nigeria, Rwanda, Senegal, Sierra Leone, and South Africa.

The SEFA grant will support the creation of an enabling environment for Electric vehicles (EVs), the design of EV business models and guidelines for the public and private sector, the development of a bankable pipeline of e-mobility projects, regional coordination, and knowledge sharing amongst other upstream activities to help catalyse follow-on private sector financing during the subsequent investment phase of the GMFA.

“Mobility is a fundamental lifeline that connects people to critical services, jobs, education, and opportunities,” said Nnenna Nwabufo the Director-General of the Bank’s East Africa Regional Development and Business Delivery Office. “The African Development Bank is committed to building a sustainable and more climate-resilient future by catalysing private investment in low-carbon solutions. We believe GMFA will have a tremendous impact on the African market by accelerating the shift to green mobility, reducing over 2,175,000 carbon dioxide equivalent tons of greenhouse gas emissions and facilitating the creation of 19,000 full-time jobs.”

- Advertisement -
Ad imageAd image

“Future demand for mobility solutions and vehicle ownership is expected to increase with rapid urbanisation, population growth, and economic development. We are delighted to receive this support from AfDB. We see this as a vote of confidence in our efforts to shift to e-mobility solutions and advance Rwanda’s transition to a low-carbon economy,” said Clare Akamanzi, Chief Executive Officer of the Rwanda Development Board. Rwanda is one of seven pilot countries for GMFA.

You Might Also Like

Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu

Impact Of Online Trading Platforms Like Temu On Nigeria’s Economy

BUA Foods Records N125bn Profit As Revenue Grows By 24% In Q1 2025 Unaudited Financial Results

Sanwo-Olu Promises Prompt Delivery Of Lekki Airport, Life-changing Projects Across Lagos

Doyle, Blaq, Adesanya Commend “Owo-Ojumo” Initiative

TAGGED: African Development Bank, Green Mobility Facility for Africa, Sustainable Energy Fund for Africa
INadminNG February 1, 2023 February 1, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Mercy Ships’ Newest Hospital Ship Prepares To Serve First Patients
Next Article WTO: Least-developed Countries Discuss Trade Priorities Ahead UN Conference On LDCs
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?