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Can COVID-19 accelerate funding for access to electricity?
UGANDA - The time frame from final funding approval to disbursement can be the most painful part of any financing process, and the access-to-electricity sector is not spared.
Amid the global spread of the coronavirus over the last few weeks, there have been several funding pledges to promote access to electricity in Africa. In March, the African Development Bank and other partners committed $160 million for the Facility for Energy Inclusion to boost electricity connectivity in Africa through small-scale solar systems and minigrids. Similarly, the Export-Import Bank of the United States allocated $91.5 million for rural electrification in Senegal.
Rockefeller chief wants…
