News Industry

Côte d’Ivoire Secures $36 Million Loan to Fund Energy Efficiency Program

Côte d’Ivoire Secures $36 Million Loan to Fund Energy Efficiency Program
Friday, 03 October 2025 11:13

• Côte d’Ivoire signed a CFA20 billion ($35.8 million) loan deal with Germany’s KfW to finance an energy efficiency program.
• The program will replace 31,000 public street lamps in Abidjan with LED lights and renovate government buildings.
• Authorities expect to save 24,148 MWh annually, cut state electricity costs by $3.9 million and reduce 9,631 tons of CO₂ emissions per year.

Côte d’Ivoire has stepped up efforts to integrate energy efficiency into national policy. Authorities said on October 1 they ratified a loan agreement worth over CFA20 billion ($35.8 million) with German development bank Kreditanstalt Für Wiederaufbau (KfW) to fund the “Energy Management Program.”

Officials said the program aims to reduce government electricity bills and enhance public safety with improved lighting.

The plan includes thermal and energy audits as well as renovation work in several public buildings, including the ministerial block. It also provides for the replacement of 31,000 public street lamps across greater Abidjan with low-consumption LED lights.

Authorities expect the program to deliver significant results. They project annual savings of 24,148 megawatt-hours, equivalent to a CFA2.2 billion ($3.9 million) reduction in state electricity costs. The initiative is also forecast to cut greenhouse gas emissions by 9,631 tons of CO₂ per year.

The program forms part of Côte d’Ivoire’s National Energy Plan. The strategy strengthens the resources of the National Energy Management Fund (FONAME) and introduces measures such as mandatory energy audits for large consumers, mandatory labeling for electrical equipment, and efficiency requirements for new buildings.

The government said these measures underpin the national strategy and support efforts to achieve a 45% share of renewables in Côte d’Ivoire’s power mix by 2030.

This article was initially published in French by Abdoullah Diop

Adapted in English by Ange Jason Quenum

 

On the same topic
Africa air freight volumes rise 7% in March 2026 Growth slows after strong January-February surge, key routes decelerate Global cargo declines amid...
Cameroon awards five oil blocks to Murphy Oil and Octavia Four of nine blocks unassigned, reflecting cautious investor interest Deals enter...
Lotus Resources announced on Wednesday, April 29, the successful completion of the first phase of a drilling program at its Letlhakane uranium project...
President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
04

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
05

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.