馃嚜馃嚬EthiopiaEast Africa
Ethiopia among top EU sustainable energy finance recipients
via The Reporter Ethiopia2 min read
Ethiopia received 2.2 billion euros in energy finance from the European Union between 2014 and 2024, making it the eighth largest recipient on the continent for projects under the sustainable development goals. This places Ethiopia among the top 10 recipients of European financing for energy projects. Egypt leads with 6.3 billion euros, followed by Nigeria at 5.1 billion euros, South Africa with 4.9 billion, Morocco with 4.1 billion, and Kenya with 3.9 billion. During the same period, China invested 0.8 billion euros in Ethiopia's energy sector, while the Ethiopian government spent 2.1 billion euros. Despite these investments, fast population growth meant the net electricity access gap in Africa closed by only five million people, from 570 million in 2022 to 565 million. Sub-Saharan Africa now accounts for 85 percent of the world鈥檚 population without electricity access, with Nigeria, Democratic Republic of Congo, and Ethiopia accounting for over one-third of this global deficit. Rural areas in Sub-Saharan Africa remain underserved, with only 31.6 percent electricity access compared to 82 percent in urban areas. The report highlights that decentralized and smaller-scale energy solutions are becoming increasingly important in closing this access gap, providing 55 percent of new connections in Sub-Saharan Africa between 2020 and 2022.
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
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