A GROUNDBREAKING $90bn initiative led by the World Bank and the African Development Bank aims to provide electricity to 300 million Africans by 2030. With an initial commitment of $30bn already in place, this ambitious plan seeks to address Africa’s energy crisis, where more than 600 million people—almost three-quarters of the world’s population without power—remain without access to electricity.
Powering Africa’s future
Africa’s electrification rate stands at just 43 percent, the lowest in the world. Countries such as South Sudan, Burundi, and Chad struggle with electrification rates below 12 percent, stifling economic growth and reducing productivity in some of the continent’s poorest regions.
The Mission 300 initiative, announced by major climate organisations including the Rockefeller Foundation and the Global Energy Alliance for People and Planet, has launched a technical assistance facility to assess and support energy projects across sub-Saharan Africa. The aim is to raise the full $90bn needed to deliver the programme’s transformative mission.
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‘Every project starts with a single payment,’ said Rajiv Shah, president of the Rockefeller Foundation. ‘This facility is designed to help the World Bank and African Development Bank jump-start their ambitious electrification plans throughout sub-Saharan Africa.’
Addressing energy poverty
With energy poverty holding back development across the continent, the initiative will focus on funding and delivering clean energy projects, such as mini-grids, to ensure reliable power access for millions. The first round of projects will see $10 million allocated to support 15 ventures in 11 African countries, including Burkina Faso and Mozambique, promoting sustainable energy solutions.
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The urgent need for electrification has been clear for years. Ashvin Dayal, head of the Rockefeller Foundation’s power and climate programme, stated: ‘This is the defining climate and development challenge for the continent over the next 20 years. We’ve seen stagnation in electrifying more Africans over the last 15 years, but this initiative is poised to change that.’
Clean energy for economic growth
As Africa faces the critical challenge of climate-friendly development, this initiative represents an important step in promoting both clean energy and economic growth. With the backing of organisations like the Bezos Earth Fund and the Ikea Foundation, the programme seeks to not only provide electricity but to ensure that energy solutions are sustainable, driving long-term benefits for communities across the region.
By investing in Africa’s energy infrastructure, the plan hopes to unlock opportunities for economic development, reduce poverty, and improve the quality of life for millions of people. The initiative’s impact is expected to extend far beyond 2030, laying the groundwork for sustained growth across the continent.
