The city of Chefchaouen in northwestern Morocco will optimize its energy consumption thanks to a project financed by the United Nations Capital Development Fund (UNCDF) to combat global warming.
In Morocco, the United Nations Capital Development Fund (UNCDF) will finance a green street lighting project in the city of Chefchaouen, 252 km from the capital Rabat. It will replace the current system of electrical cabinets, streetlights and cables with LED (light-emitting diode) lamps that consume very little energy, according to Mohammed Sefiani, Mayor of Chefchaouen.
This partnership is also supported by United Cities and Local Governments of Africa (UCLG Africa). For Emilia Saiz, the organization’s secretary general, this project will provide modern solutions for street lighting in most of Morocco’s secondary cities. This will ultimately contribute to the reduction of carbon dioxide (CO2) emissions in the Cherifian Kingdom.
“This project is free of charge for the municipality, all reimbursements will come from the savings made on public lighting. Fenu’s financing models target inclusive digital economies that connect individuals, households and small businesses to financial ecosystems aimed at stimulating local economic expansion and sustainable development,” says the UN agency based in New York, USA.
In March 2021, Fenu provided a loan and grant totaling $500,000 to solar home systems provider Bboxx to deploy its energy access solutions in the Democratic Republic of Congo (DRC). The funding enabled the British company to distribute eco-friendly stoves in the provinces of Goma, Bukavu and Lubumbashi, where access to clean cooking is low, as the majority of the population relies on wood and wood by-products to cook food.