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AfDB Loan to Boost EAC Electricity Capacity
Sunday April 7, 2019  Printer Friendly Email this article


A $2.5 billion loan from the AfDB will see partner states of the East African Community (EAC) bring on an additional 7,480 MW of electricity by 2022.

The EAC comprises six member states in the African Great Lakes region in eastern Africa, namely: Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda.

According to EAC Secretary General, Libérat Mfumukeko, the funds will aid in enhancing regional transport connectivity, regional energy infrastructure, regional information and communications technology connectivity and management of trans-boundary water resources.

“The funds will support projects aimed at accelerating implementation of the EAC single market, trade development, including tackling of non-tariff barriers, and putting in place policy frameworks for industrialization and promotion of EAC as a single investment destination,” said Mfumukeko.

Further adding that a number of energy projects have been prioritized by the bank and RISP, including the Masaka (Uganda) – Mwanza (Tanzania) transmission line, Kigali-Bujumbura oil products pipeline feasibility study and Uganda-Tanzania-oil-pipeline products study.



 
   
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