Author: prtimesafrica
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Economic Community of West African States (ECOWAS) Aviation Ministers Set to Address the High Cost of Air Transport and Travel Tickets through Common Reforms in Lomé, Togo
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Economic Community of West African States (ECOWAS) Aviation Ministers Set to Address the High Cost of Air Transport and Travel Tickets through Common Reforms in Lomé, Togo
With expectations running high, the outcomes of the Lomé meeting will be crucial for the December 2024 ECOWAS Council of Ministers Session and Heads of State and Governments SummitABUJA, Nigeria, November 4, 2024/ — ECOWAS is gearing up to host a key series of meetings from November 5-8, 2024, in Lomé, Togo, bringing together aviation ministers, DGs of Civil Aviation, officials, and industry stakeholders to chart a new course for air travel across West Africa. These sessions, which is a response to a directive of the 65th Heads of State Summit held in July 2024, aim to address persistent challenges in the aviation sector, focusing on lowering operational costs and uni-fying safety protocols to improve regional connectivity and economic cooperation.
The meetings will begin with expert-level consultations from November 5-7, setting the foundation for a high-level ministerial session on November 8. Discussions will center on regional modalities to guide the steady reduction of aviation fees and taxes, alongside har-monized safety measures. These reforms aim to enhance the accessibility and affordability of air travel, aligning with ECOWAS’ broader agenda to deepen regional integration through increased connectivity, mobility and trade.
ECOWAS assessments show that charges levied in the region by Airport Operators, Air Navi-gation Service Providers and Civil Aviation Authorities and the taxes imposed by govern-ments have severe negative impacts on the region’s air transport industry and on the wider economic and employment development in the States of the ECOWAS Region. They also have a high adverse impact on the competitiveness of airlines in the region struggling to survive and face fierce competition from foreign carriers.
Thus, West Africa’s aviation sector, currently among the most expensive on the continent, stands to benefit significantly from these reforms. Reducing air travel costs is expected to unlock new opportunities in tourism, education, health, commerce, and other key econom-ic sectors while fostering the free movement of people, in line with the African Union’s Sin-gle African Air Transport Market (SAATM) and the African Continental Free Trade Area (AfCFTA) frameworks.
With expectations running high, the outcomes of the Lomé meeting will be crucial for the December 2024 ECOWAS Council of Ministers Session and Heads of State and Governments Summit, where final cost reduction strategies are expected to be adopted. Stakeholders and Member States are encouraged to engage actively, ensuring the region moves swiftly toward a more competitive and sustainable aviation sector.
Distribut
SOURCE
Economic Community of West African States (ECOWAS) -

African Development Bank’s Sustainable Energy Fund for Africa approves $8 million for development of 25 MW Solar Plant
African Development Bank’s Sustainable Energy Fund for Africa approves $8 million for development of 25 MW Solar Plant
Serengeti Energy Ltd and Western Solar Power Ltd are leading the plant development in Zambia’s Sesheke District
ABIDJAN, Ivory Coast, October 30, 2024/ — The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved an $8 million concessional loan to support the construction of a 25MW Solar Photovoltaic power plant in Zambia. The financing for the Ilute Plant will be sourced from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed by the Bank. Ilute is expected to advance Zambia’s sustainable development and help the country unlock its renewable energy potential.
The venture has faced rising costs associated with the COVID-19 pandemic and other challenges. Serengeti Energy Ltd (http://apo-opa.co/4hth8dE) and Western Solar Power Ltd (http://apo-opa.co/3YJBxUr) are leading the plant development in Zambia’s Sesheke District. Competitively selected by GreenCo Power Services Ltd (GreenCo) (http://apo-opa.co/4hiM3ci), this project will serve as a pilot for GreenCo’s energy aggregator model under the Zambia Electricity Supply Corporation Limited (ZESCO) (http://apo-opa.co/3YIpw1h) open grid access framework. Acting as an intermediary off-taker, GreenCo will purchase the generated electricity through a 25-year Power Purchase Agreement and sell it to the Southern African Power Pool Day-Ahead Market (http://apo-opa.co/3YELlih).
“We are delighted to support the Ilute Solar PV project – which will be the first project to use Africa GreenCo as an intermediate off-taker. SEFA’s support has been instrumental in bridging the financing gap and will pave the way for future projects that contribute to Southern Africa’s energy transition,” said Dr Daniel Schroth, African Development Bank Director for Renewable Energy and Energy Efficiency.
Anton-Louis Olivier, CEO of Serengeti Energy, acknowledged SEFA’s support. He said, “We appreciate the support from the African Development Bank Group and SEFA in helping us move the Ilute 25MW Solar PV project forward. This loan addresses the financial challenges we’ve faced due to the pandemic and rising costs. The Ilute project is a testament to innovative collaboration and serves as a pioneering model for future renewable energy initiatives in Zambia as well as the wider region.” Serengeti Energy is a leading renewable independent power producer specialising in the development, construction, and operation of utility-scale renewable energy plants tailored to the needs of both public and private off-takers.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Media Contact:
Olufemi Terry,
African Development Bank Group,
media@afdb.orgTechnical contact:
Jason Seung-Soo Jin,
Principal Renewable Energy Investment Officer
sefa@afdb.orgAbout the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.orgAbout SEFA:
SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. SEFA offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects and improve the risk-return profile of individual investments. The Fund’s overarching goal is to contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the New Deal on Energy for Africa and Sustainable Development Goal 7.SOURCE
African Development Bank Group (AfDB)














