- AfDB and AIIB have launched a $300 million results-based programme to expand grid, solar, and clean cooking access in Rwanda.
- The initiative will create thousands of jobs and improve energy reliability for households and businesses.
African Development Bank (AfDB) and Asian Infrastructure Investment Bank (AIIB) have launched a joint $300 million initiative to accelerate clean energy access and reliability in Rwanda.
The partners structured the initiative as a results-based financing programme. AfDB committed $200 million, while AIIB contributed $100 million. The banks will release funds only after independent verification of agreed targets. This structure ensures accountability and measurable results.
Under the programme, Rwanda will deliver 200,000 new electricity grid connections. It will also deploy 50,000 solar home systems for low-income households and distribute 100,000 clean cooking solutions. In addition, authorities will install about 2,000 solar water heaters for homes and small businesses. The programme will also improve electricity supply quality for 850 commercial and industrial clients.
Beyond infrastructure, the initiative will create at least 6,000 direct and indirect jobs. As a result, the programme will strengthen local employment while advancing Rwanda’s clean energy goals.
The project builds on AfDB’s wider renewable energy drive across Africa. The bank previously partnered with PowerGen Renewable Energy to deploy 120 MW of renewable capacity and battery storage. AfDB also helped establish the Zafiri Fund alongside International Finance Corporation and other partners to mobilise up to $1 billion for decentralised energy access.
In addition, AfDB has provided technical support to 13 African countries. The bank helped them convert national energy compacts into actual electricity connections.
By combining grid expansion, decentralised solar systems, clean cooking technologies, and efficiency upgrades, the Rwanda programme strengthens energy security. It also reduces dependence on traditional biomass and boosts economic productivity, especially for small businesses and low-income households.
Overall, the initiative reinforces Rwanda’s ambition to expand reliable, affordable, and sustainable energy access. At the same time, it supports job creation, climate resilience, and long-term economic growth.