The World Bank Group and African Development Bank have launched “Mission 300,” a bold initiative to connect 300 million Africans to electricity by 2030.
The announcement came during the 2024 Spring Meetings, marking a significant step toward improving energy access across the continent.
The initiative aims to accelerate access through grid connections and renewable energy sources like solar mini-grids and stand-alone installations.
It promises to provide affordable, clean energy while reducing deforestation and supporting sustainable economic growth.
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600 Million Still Without Power in Africa
Currently, about 600 million people in Sub-Saharan Africa live without electricity. They rely on polluting sources such as firewood, charcoal, and diesel generators. These energy challenges hinder the region’s development and economic growth.
Africa holds the potential to become a global economic powerhouse, but access to reliable electricity is crucial for this transformation. The lack of modern energy affects essential services like hospitals, schools, and climate-smart agriculture.
The World Bank Group has committed to connect 250 million people, and the African Development Bank will reach 50 million more. Projects like the ASCENT program and Nigeria’s DARES project are already underway.
However, development banks alone cannot meet the massive financial demands of electrifying Africa. Private investment in transmission and distribution is critical. The International Finance Corporation is encouraging private businesses to step in and fill these gaps.
Collaborations with regional organizations like COMESA will streamline processes and ensure investment readiness. Philanthropic partners such as The Rockefeller Foundation are also contributing to Mission 300.
This initiative, supported by international partners, brings Africa closer to universal electricity access. It is a step toward lifting millions out of poverty and promoting sustainable growth across the continent.