The World Bank Group and the African
Development Bank (AfDB) have unveiled a major push to connect 300
million Africans to electricity by 2030, under an ambitious programme
called Mission 300.
The announcement was made at the Bloomberg
Philanthropies Global Forum in New York on Wednesday, where 17 African
nations signed new Energy Compacts to fast-track investments, reforms,
and infrastructure development.
The signatory countries include Benin, Botswana,
Burundi, Cameroon, Comoros, Republic of Congo, Ethiopia, Gambia, Ghana, Guinea,
Kenya, Lesotho, Mozambique, Namibia, São Tomé and Principe, Sierra Leone, and
Togo.
According to the World Bank, these tailored blueprints
will guide public spending, unlock private investment, and support national
electricity projects.
Electricity as the Bedrock of Growth
World Bank President Ajay Banga said Mission
300 is not just about access but about transformation.
“Electricity is the bedrock of jobs, opportunity, and
economic growth. Mission 300 will slash costs, strengthen utilities, and
attract investment,” he said.
AfDB President Dr. Sidi Ould Tah added:
“Reliable, affordable power is the fastest multiplier
for SMEs, agro-processing, digital work, and industry. Give a young
entrepreneur power, and you’ve given them a paycheck.”
So far, Mission 300 has connected 30 million people,
with another 100 million in progress.
Country Commitments to Energy Access
Earlier this year, Chad, Côte d’Ivoire, DR Congo,
Liberia, Madagascar, Malawi, Mauritania, Niger, Nigeria, Senegal, Tanzania, and
Zambia signed similar compacts.
Comments:
Leave a Reply