• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

African Development Bank and Niger Sign $144.7 Million Agreement to Boost Energy Access, Economic Competitiveness and Resilience

3 hours ago
in Business, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
11
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

African Development Bank and Niger Sign $144.7 Million Agreement to Boost Energy Access, Economic Competitiveness and Resilience

African Development Bank Group President Sidi Ould Tah and Niger’s Prime Minister, Ali Mahamane Lamine Zeine, have signed a $144.7 million financing agreement to improve energy access and private sector competitiveness.

The agreement, signed at the institution’s headquarters in Abidjan, provides budgetary support from the African Development Fund, the Bank Group’s concessional financing window. It enables the Nigerien government to implement Phase 1 of the transformative Energy Sector Governance and Competitiveness Support Programme (PAGSEC).

“It is with great pleasure that we have just formalised this agreement, which is very important for Niger,” said the Prime Minister. “The agreement is part of our strong cooperation with the African Development Bank Group.”

The support from the African Development Fund will increase national electricity access from 22.5% to 30% by 2026, while boosting the manufacturing sector’s contribution to GDP from 2.5% to 3.8%. A key component of the project focuses on developing renewable energy capacity, with plans for 240 MW of solar power by 2030, including 50 MW by December 2026.

Prime Minister Zeine, who is also Niger’s Minister of Economy and Finance and serves as Governor of the Bank Group for his country, added: “Our Bank’s support came at an important time, and the process has now led to the establishment of this programme, which aims to support Niger’s economic competitiveness and resilience to multiple shocks through, improved access to energy, promotion of the private sector, consolidation of the fiscal framework, and better consideration of vulnerable groups within public policies.”

Beyond the energy sector, the programme will strengthen public financial management systems while enhancing tax revenue mobilisation and control systems. It will further support the clearance of domestic arrears, enhance public-private partnerships dialogue, and promote the adoption of an industrial and trade policy to bolster Niger’s private sector.

RelatedPosts

Can Ghana’s “Big Push” Learn from the GIIF Model?

Guinea-Bissau, IMF Reach Staff-Level Agreement on Ninth ECF Review

MPS Completes Phase 2 of Tema Port Expansion Project Cementing Ghana’s Role as West Africa’s Trade Hub

“I can assure you that the African Development Bank Group will remain, as it has always been, a strong supporter of all our regional member states in their pursuit of harmonious development and shared prosperity,” said Dr Ould Tah. “I would like to take this opportunity to congratulate the Bank’s teams for their hard work and also to thank the Board of Directors for its support for our efforts.”

Social inclusion

This high-impact programme prioritizes social inclusion, and specialized support for internally displaced persons, women, and young persons. With more than 507,000 internally displaced people

due to security challenges in the Sahel region, PAGSEC has outlined a social and economic inclusion programme to cushion vulnerable communities.

It will also establish high-level coordination mechanisms and update national energy policies to create a favourable environment for private-sector participation in mini-grid developments crucial for rural electrification.

With this programme, Niger is set to capitalise on its vast renewable energy potential while building governance systems that support inclusive and sustainable development.

The African Development Bank Group continues to support Niger’s transformation through strategic investments that promote economic competitiveness, energy security and good governance.

Tags: African Development Bank and Niger Sign $144.7 Million Agreement to Boost Energy AccessEconomic Competitiveness and Resilience

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Domestic VAT Collections Rise 33.6% to GHS 8.31bn 

African Development Bank and Niger Sign $144.7 Million Agreement to Boost Energy Access, Economic Competitiveness and Resilience

Ghana’s Fifth IMF Review Nears Completion; $360m Disbursement Hinges on Outcome

EPA Boss Pegs Pilot Test of Nano-Based River Dechemicalisation Technology at $200,000

US-Based Engineer Questions Scientific Validity of EPA’s River Dechemicalisation Programme

Ghana Faces Investor Backlash Over Controversial Bogoso-Prestea Mine Reassignment

Trending

Business

Can Ghana’s “Big Push” Learn from the GIIF Model?

October 6, 2025

Can Ghana’s “Big Push” Learn from the GIIF Model? Why the next $10 billion infrastructure drive must...

Guinea-Bissau, IMF Reach Staff-Level Agreement on Ninth ECF Review

October 6, 2025

MPS Completes Phase 2 of Tema Port Expansion Project Cementing Ghana’s Role as West Africa’s Trade Hub

October 6, 2025

Domestic VAT Collections Rise 33.6% to GHS 8.31bn 

October 6, 2025

African Development Bank and Niger Sign $144.7 Million Agreement to Boost Energy Access, Economic Competitiveness and Resilience

October 6, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.