The African Development Bank (AfDB) plans to reach 29.3 million people in African with electricity by 2020.
The President of the Bank, AkinwumiAdesina, spoke at the High Level Event on “New Way of Working: From Vision to Action-National, Regional and Global Dimensions” at the United Nations Economic Commission for Africa in Addis Ababa, Ethiopia.
He pledged support for the New Way of Working as “crucially important” and indicated that it requires a new way of tackling development issues.
United Nations agencies signed a “Commitment to Action” document at the World Humanitarian Summit in which they agreed on a New Way of Working in crises.
“The African Development Bank is today at the forefront of investing in renewable energy in Africa. The share of renewable energy in the Bank’s energy portfolio increased from 14% when I became President in 2015 to 100% last year,” Adesina said.