The African Development Bank approves a $2.5 million grant to advance electricity regulation in COMESA & SADC regions.

January 14, 2022

The African Development Bank (ADB) approves a $1.5 million grant for COMESA and a $1 million grant for SADC to advance electricity regulation in the regions. The grants aim to aid in technical assistance to promote the development and adoption of electricity regulations, increase utility performance monitoring across the region, manage a cross-border electricity tariffs analysis, and create a centralized database management system in COMESA and SADC.

COMESA consists of 19 member countries: Burundi, Comoros, Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia, and Zimbabwe. SADC consists of 16 member countries: Angola, Botswana, Comoros, Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia, and Zimbabwe. COMESA member countries have a vast energy potential yet to be utilized, including hydropower in the Democratic Republic of Congo and Ethiopia and solar, wind & geothermal reserves in Kenya & Uganda. However, they aren’t adequately used due to lack of infrastructure, uncompetitive electricity tariffs, and dependent on traditional fuel sources such as wood and charcoal.

SADC has the highest generation capacity of all African regions and plenty of water but is low in biomass, solar, and wind energy potential, especially in rural areas. This is partially due to an ineffective regulatory environment, a need for new infrastructure, and a dependence on coal and hydropower.

The projects aim to create cross-border trading in the COMESA & SADC regional areas, covering 28 African countries. The grant aids in developing electricity regulations, creating a centralized database system, analyzing electricity tariffs, & more. The Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA) for COMESA and the Regional Energy Regulators Association of Southern Africa (RERA) for SADC will implement the projects.

You May Also Like…

Ethiopia National Team Secures a Spot in CHAN 2023

Ethiopia National Team Secures a Spot in CHAN 2023

Ethiopia's national team secures a place in the 2023 African Cup of Nations (CHAN), which will be held in Algeria. The Ethiopian national team, coached by Wubetu Abate, played their first double-leg game with Rwanda in Tanzania after CAF excluded Bahir Dar stadium...

Bego Sew Award announces its 2022 winners

Bego Sew Award announces its 2022 winners

The Bego Sew Award has been recognizing and honoring individuals in many categories for the past ten years, founded to honor individuals who are making a difference in Ethiopia. The 2022 award announced nine winners in different categories and a special award. The...

Forbes Africa lists Africa’s top 20 musicians

Forbes Africa lists Africa’s top 20 musicians

Forbes Africa lists Africa's top 20 musicians of 2022 for their record-breaking contribution to the entertainment industry. Forbes Africa recognizes the shift in the music industry that African artists are bringing to the table. The world's highest stream of African...

CBE Launches “Nedaj” a Fuel Payment Mobile App

CBE Launches “Nedaj” a Fuel Payment Mobile App

The application, "Nedaj," officially launched on August 18, 2022, after Dahlak Yigezu, Deputy Manager of the CBE's Digital Banking Department, signed an agreement to implement it with Besufeqad Getachew, founder, and CEO of EagleLion Systems Technology Company. The...

Ethiopia plans to host its first-ever African Tech Expo

Ethiopia plans to host its first-ever African Tech Expo

Ethiopia plans to host its first-ever African Tech Expo from September 7-9, 2022, at the renowned Skylight Hotel, organized by Jorka Events Communication. The exhibition focuses on solar technology, electric vehicles, digital payment systems, telecommunications, and...