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Africa obligates to electricity strategy for 300 million people
(MENAFN) African leaders have committed to bringing electricity to 300 million people across the continent by 2030, as part of a bold plan outlined in the Dar es Salaam energy Declaration, which was adopted during the Africa Energy Summit in Tanzania. The summit, focused on providing reliable, affordable, inclusive, sustainable, and clean energy for all, aimed to tackle Africa's ongoing energy challenges.
The initiative, called ‘Mission 300’, was launched earlier this year by the World Bank and the African Development Bank (AfDB) to speed up electrification efforts. The AfDB has pledged $18.2 billion to support the mission, while the World Bank has committed $22 billion. Other international partners, such as the Islamic Development Bank and the OPEC Fund, have also made substantial contributions.
Several African countries, including Nigeria, Senegal, Zambia, and Tanzania, have promised to implement reforms in their energy sectors and boost their national electrification goals, with a focus on expanding renewable energy sources like wind and solar mini-grids.
World Bank President Ajay Banga emphasized that financial support will be contingent on these countries making necessary regulatory and policy changes. The plan aims to ensure that half of the new electricity connections come from national grids, while the rest will be provided through renewable energy options.
Currently, approximately 600 million people in Africa lack reliable electricity access, making up over 80% of the global electricity access gap. Countries like Burundi and South Sudan have some of the lowest electricity access rates in the world.
The initiative, called ‘Mission 300’, was launched earlier this year by the World Bank and the African Development Bank (AfDB) to speed up electrification efforts. The AfDB has pledged $18.2 billion to support the mission, while the World Bank has committed $22 billion. Other international partners, such as the Islamic Development Bank and the OPEC Fund, have also made substantial contributions.
Several African countries, including Nigeria, Senegal, Zambia, and Tanzania, have promised to implement reforms in their energy sectors and boost their national electrification goals, with a focus on expanding renewable energy sources like wind and solar mini-grids.
World Bank President Ajay Banga emphasized that financial support will be contingent on these countries making necessary regulatory and policy changes. The plan aims to ensure that half of the new electricity connections come from national grids, while the rest will be provided through renewable energy options.
Currently, approximately 600 million people in Africa lack reliable electricity access, making up over 80% of the global electricity access gap. Countries like Burundi and South Sudan have some of the lowest electricity access rates in the world.
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