The New Deal on Energy for Africa is a partnership-driven effort with the aspirational goal of achieving universal access to energy in Africa by 2025.

To achieve this goal, the African Development Bank has worked with governments, the private sector, and bilateral and multilateral energy sector initiatives to develop a Transformative Partnership on Energy for Africa. This is a platform for public-private partnerships for innovative financing in Africa’s energy sector.

The New Deal on Energy for Africa helps to unify all the other initiatives that are currently geared toward achieving the goals of universal access in Africa. It focuses on the following five key principles:

• raising aspirations to solve Africa's energy challenges
• establishing a Transformative Partnership on Energy for Africa
• mobilising domestic and international capital for innovative financing in Africa’s energy sector
• supporting African governments to strengthen energy policy, regulation and sector governance
• increasing the African Development Bank's investments in energy and climate financing.

Paper by the AfDB