The African Development Bank has approved up to XOF 15 billion (EUR 22.9 million) to support Phase II of Côte d’Ivoire’s Programme Electricite Pour Tous. The package consists of EUR 16 million from the Bank and EUR 6.9 million from the Sustainable Energy Fund for Africa. This is the Bank’s first subscription to a local currency social bond within the WAEMU region, marking a significant step in mobilising domestic capital for energy access.
The financing will enable 400,000 new household electricity connections between 2025 and 2026, reaching an estimated 2.2 million people. The initiative forms part of Mission 300, designed to connect 300 million Africans to electricity by 2030. AfDB leadership noted that the bond structure lowers connection barriers for low-income households while encouraging broader participation from regional investors.
Expected outcomes include faster electrification, reduced energy poverty, and stronger economic activity in rural and peri urban communities. The programme’s repayment arrangement, supported by a structured social bond, is also expected to deepen sustainable financing options across West Africa.
