AfDF GRANTS $25.79M For GUINEA-MALI Interconnection

Key Figures & Findings: The Board of Directors of the African Development Fund (AfDF) approved additional financing of $25.79 million for Guinea to support the 225 kilovolt (kV) Guinea–Mali electricity interconnection project. The project is a flagship regional energy initiative aimed at improving power access, reliability, and affordability in both countries. The financing will ensure the continued and timely implementation of a project critical to regional integration.

Statistics & Insights:

• Additional Funding: $25.79 million (from the AfDF, the concessional window of the African Development Bank Group).Comprised of an AfDF loan of about $22 million and a grant of $3.79 million to Guinea.

• Total Project Cost (Guinea): Increases from $346 million to $372 million with the new funding.

• Implementation Period: Revised to run from January 2026 to December 2028.

• Co-financiers: The project is co-financed by the European Union, the World Bank, the European Investment Bank, and the ECOWAS Bank for Investment and Development (EBID).

Future Implications: This interconnection is expected to enhance energy security, reduce power outages, and narrow Guinea’s significant urban–rural electricity gap, while strengthening regional cooperation and economic activity across both countries.

Source:  Devdiscourse

Quick Take: Guinea–Mali grids get a boost ⚡🇬🇳🇲🇱🤝