• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, May 4, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Extractives/Energy

World Bank Approves $1.6B for West Africa Energy

Prince Agyapongby Prince Agyapong
January 28, 2025
Reading Time: 4 mins read
World Bank

World Bank

The World Bank Board of Directors has approved a ground breaking $1.6 billion investment program aimed at transforming West Africa’s power sector.

The West Africa Regional Electricity Market Program (WA-REMP) will bolster regional power integration, enhance energy security, and support a transition toward a more sustainable, affordable, and lower-carbon energy future.

The initiative, backed by the International Development Association (IDA), addresses urgent electricity needs for households, industries, and medium-sized enterprises while strengthening regional and national power sector institutions across West Africa.

“WA-REMP is a transformative initiative that marks a new stage in the World Bank’s commitment to strengthening regional power system integration in West Africa,” said Franz Drees-Gross, World Bank Regional Infrastructure Director for Western and Central Africa.

ADVERTISEMENT

“The program builds on the foundation established by the West African Power Pool (WAPP), a regional cooperative designed to improve energy access and security.

“WA-REMP aims to remove barriers to a fully functional regional power market by supporting critical infrastructure projects and regulatory institutions.”

Franz Drees-Gross, World Bank Regional Infrastructure Director for Western and Central Africa

The program is also aligned with the World Bank’s Mission 300 (M300) goal of providing electricity access to 300 million people in Sub-Saharan Africa by 2030.

The WA-REMP program will be implemented in multiple phases to ensure a comprehensive and sustainable approach to regional energy integration.

“This project aims to enhance power transmission capabilities between Ghana and Côte d’Ivoire, two of the most influential players in the West African energy market.

“The second key initiative under the first phase will expand electricity access in underserved areas of Mauritania, reinforcing the country’s national grid and enabling the development of renewable energy capacity.”

Franz Drees-Gross, World Bank Regional Infrastructure Director for Western and Central Africa

One of the program’s key objectives is to stimulate economic growth and job creation across West Africa. Improved access to reliable and affordable electricity is expected to catalyze industrial and commercial activity, creating opportunities for medium-sized enterprises and generating quality jobs.

Addressing Energy Deficits in West Africa

Electrifying-Africa
Electrifying-Africa

Despite its abundant natural resources, West Africa faces significant energy deficits, with millions of people lacking access to reliable electricity.

According to the World Bank, over 50% of the population in the region remains without electricity, hindering economic development and exacerbating poverty.

“The WA-REMP program seeks to address these challenges by enabling cross-border electricity trade, optimizing the use of regional energy resources, and strengthening power infrastructure.”

Franz Drees-Gross, World Bank Regional Infrastructure Director for Western and Central Africa

The program’s benefits will be felt not only at the household level but also across industries and public institutions, including schools and healthcare facilities.

Reliable energy access is essential for improving quality of life and fostering inclusive development, making the WA-REMP program a critical investment in the region’s future.

The World Bank’s approval of the WA-REMP program underscores its commitment to advancing sustainable development and energy security in West Africa.

ADVERTISEMENT

By promoting regional power system integration and renewable energy development, the initiative offers a blueprint for building a more resilient, inclusive, and sustainable energy sector.

This program is not just about infrastructure; it is about creating a future where energy is a catalyst for growth, innovation, and environmental sustainability.

As the first phase of the WA-REMP program gets underway, it holds the promise of transforming the energy landscape of West Africa, empowering communities, and setting the stage for long-term prosperity.

It is a beacon of hope for millions of people across the region, proving that with the right investments and partnerships, a brighter, greener future is within reach.

REA ALSO: President Mahama Appoints Abdulai Bashiru Dapilah as Acting EOCO Executive Director

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Electricity AccessInternational Development Association (IDA)renewable energyWest Africa EnergyWorld Bank (WB)
Share2Tweet2ShareSendSend
Please login to join discussion
Previous Post

President Mahama Appoints Abdulai Bashiru Dapilah as Acting EOCO Executive Director

Next Post

Katy Perry Shares How She, Fiancé Support Each Other

Related Posts

Energy Commission of Ghana  with GIZ
Extractives/Energy

Energy Commission Calls for Inclusive Energy Transition

May 4, 2026
PHDC CEO with Staff
Extractives/Energy

PHDC Targets Total Control of Local Energy Supplies

May 4, 2026
PURC Official logo
Extractives/Energy

PURC Vows to Enforce Strict Quality of Service Energy Standards

May 4, 2026
Gold Board Taskforce
Extractives/Energy

ASM Gold Exports Surge to $10.8Bn as GoldBod Intensifies Illicit Trade Fight

May 4, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Prof. George Agyei, Director-General of GSA, with IEAG Delegation

GSA Opens Doors For Collaborative Port Quality Control

May 4, 2026
Seal of United States Central Command.svg

US Sinks 6 Iranian Small Boats

May 4, 2026
CDS Lt. William Agyepong inspects Accra-Kumasi Expressway works

CDS Inspects Accra-Kumasi Expressway Progress, 17Km Cleared

May 4, 2026
Fresh Fruit Bunches (FFB) of Oil Palm

TCDA Defeats Market Volatility With Transparent May Index

May 4, 2026
Screenshot 20260504 173808 Chrome

Ghana Police Interdict Five Officers Over Viral Misconduct Videos

May 4, 2026
Next Post
Katy Perry and fiancé, Orlando Bloom

Katy Perry Shares How She, Fiancé Support Each Other

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address