$15 million guarantee supports Liberia solar programme
By the AFREEQUE newsroom, based on Front Page Africa
Illustrative image · Mark Stebnicki · Pexels · Licence PexelsThe Climate Investment Funds announce a $15 million guarantee for Liberia’s solar and battery-storage programme. It is expected to help mobilise about $200 million to expand access to electricity, according to Front Page Africa, which cites announcements made at COP31.
The Climate Investment Funds have announced a $15 million guarantee for Liberia’s solar energy and battery-storage programme, with the aim of mobilising about $200 million in financing. The announcement comes as part of COP31, according to FrontPage Africa.
Liberia continues to face low access to electricity: 34.9% of its population was connected in 2024, compared with just 9.2% in rural areas, according to World Bank data. The access rate across sub-Saharan Africa as a whole was 35.7%.
A new international coalition, the Electrify Now Finance Coalition, was also launched at COP31 to bring together governments, development banks and private investors around electrification projects in developing economies. It is notably intended to help countries prepare investment projects and overcome barriers to private financing, FrontPage Africa reports.
The announcement comes as COP31 in Antalya focuses on electrification, according to an article published on 9 November 2026. Turkey also proposed on 10 November adding the electrification of 35% of the global economy to the conference’s objectives, according to COP31: Turkey wants to add electrification of 35% of global economy to agenda.
