Wednesday, June 18, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

ECOWAS, Ecobank invest in alternative energy solutions empowerment – EnviroNews

Simon Osuji by Simon Osuji
May 1, 2025
in Technology
0
ECOWAS, Ecobank invest in alternative energy solutions empowerment – EnviroNews
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

– Advertisement –

The Economic Community of West African States (ECOWAS), in collaboration with Ecobank Nigeria and the World Bank, have trained no fewer than 100 entrepreneurs in Nigeria on off-grid solar energy system.

This is through a specialised programme focused on small and medium-sized enterprises (SMEs) in the off-grid photovoltaic solar energy sector.

This initiative forms part of the Regional Off-Grid Electricity Access Project (ROGEAP), which seeks to promote the development of a regional market for standalone solar energy systems.

ROGEAP is funded by the World Bank, with additional support from the Clean Technology Fund (CTF) and the Directorate General of International Cooperation (DGIS) of the Government of the Netherlands.

El Hadji Sylla, Senior Adviser at the ECOWAS Commission’s ROGEAP, disclosed this during a three-day Entrepreneurship Business Training held in Lagos, organised in collaboration with Ecobank.

Sylla, in a statement on Thursday, May 1 2025, noted that the Nigerian SMEs had already benefited from grants totaling $800,000 under the project, aimed at increasing participation in the off-grid solar energy value chain.

He explained that the capacity-building workshops, conducted in both Abuja and Lagos, were designed to enhance the technical and financial capabilities of SMEs focused on solar energy.

He noted that the objective was to better position these businesses for growth and long-term sustainability in the renewable energy sector.

He said that ECOWAS was in discussions with Ecobank Group to establish mechanisms that would allow the bank to offer both technical and financial support to SMEs in the solar energy ecosystem.

He explained that this include extending direct credit lines to eligible businesses.

According to Sylla, the first component of ROGEAP led by the ECOWAS Commission, centred on the creation of a strong regional market for off-grid solar solutions.

He said key strategy involved equipping SMEs with the skills to develop technically sound and financially viable projects that meet commercial lending standards.

“This year, we have worked closely with Ecobank Nigeria to align solar-focused SME portfolios with the bank’s financing requirements.

“Our goal is to ensure that the submitted projects are not only technically feasible but also bankable,” he said.

Also speaking at the event, Salamatu Baba Tunwzang, Team Lead at ROGEAP’s Entrepreneurship Support Facilities, emphasised that the programme goes beyond technical training.

She said that participating SMEs were also being prepared to access ROGEAP grants and other funding opportunities.

“When businesses join our network, they gain access to both technical assistance and financial resources.

“We also build the capacity of technical installers, who can equally benefit from these opportunities.

“It is a comprehensive support system they receive funding, technical training, market intelligence, and valuable networking opportunities for collaboration,” she said.

Source link

Related posts

Book launch: GOCOP seeks to sanitise online journalism, set standards – EnviroNews

Book launch: GOCOP seeks to sanitise online journalism, set standards – EnviroNews

June 18, 2025
Carbon markets could unleash gigatonnes of emissions on Africa, report warns – EnviroNews

Carbon markets could unleash gigatonnes of emissions on Africa, report warns – EnviroNews

June 18, 2025
Previous Post

How RWS Global Grew Into a 9-Figure Business

Next Post

Saudi Arabia issues tax update

Next Post
Saudi Arabia issues tax update

Saudi Arabia issues tax update

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Calo unveils $25mln funding round, Saudi IPO plans for 2027

Calo unveils $25mln funding round, Saudi IPO plans for 2027

6 months ago
Craig Wright Lied About Creating Bitcoin And Faked Evidence, Judge Rules

Craig Wright Lied About Creating Bitcoin And Faked Evidence, Judge Rules

1 year ago
Africa’s Role in the Push for Inclusive and Effective Global Tax Governance

Africa’s Role in the Push for Inclusive and Effective Global Tax Governance

1 year ago
Death and destruction as floods maroon homes

Death and destruction as floods maroon homes

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.