Côte d’Ivoire gets € 60m grants from Germany to finance reforms in the renewable energy sector
London, Dec. 19, 2019 (AltAfrica)-Germany has granted funding worth 60 million euros (around 39.3 billion FCFA) to Côte d’Ivoire to enable it finance reforms in the renewable energy sector.
The signing of the financing agreement took place on Tuesday, December 17, 2019, in Abidjan, between the Ivorian Minister of Justice and Human Rights, Sansan Kambilé, representing his colleague for Foreign Affairs, and the Ambassador of Germany in Ivory Coast, Michael Grau.
The funding targets the country’s energy efficiency, which makes it possible to improve the living conditions of the Ivorian populations. The agreement also includes the implementation of a sector reform program, jointly agreed between Côte d’Ivoire, Germany and the World Bank.
Speaking on the occasion, the German ambassador said that “ the German state has made cooperation with Africa one of its political priorities by launching, in March 2017, the G20 partnership with Africa in order to allow the continent to develop its human, intellectual treasures and materials for peace, stability and a dignified life on a global scale through the initiative “Compact with Africa” “.
For Sansan Kambilé, the signing of this agreement testifies to the desire of the two states to consolidate the achievements of cooperation.
These include the strengthening of cooperation, the resumption in 2019 of bilateral consultations between the two countries and the important cooperation agreements that the countries will sign in various fields of activity, as well as the German cooperation portfolio available within the framework of the financing of renewable energies and energy efficiency.