Sunday, August 2, 2026
  • About
  • Advertise
  • Careers
  • Contact
  • Business
    • Deals
  • OpEds
  • Sustainability
  • Women in Business
  • Lifestyle
  • Featured
  • Technology
    • Phones
  • Sports
  • World
  • Contact Us
No Result
View All Result
No Result
View All Result

Home » APO News » Under Mission 300, A New Way of Doing Business Connects Over 50 Million People to Electricity Across Africa

Under Mission 300, A New Way of Doing Business Connects Over 50 Million People to Electricity Across Africa

by Queen Amber
2 months ago
in APO News
Reading Time: 4 mins read
A A
NewsTrendsKE with APO News Updates
Share on FacebookShare on TwitterShare on WhatsApp

The World Bank Group and the African Development Bank Group (www.AfDB.org) announced today that Mission 300 has connected over 50 million people to electricity across 40 countries — a major milestone toward the initiative’s goal of reaching an additional 300 million people by 2030.

Mission 300 is now delivering electricity access at nearly double the pace recorded at the start of the initiative. By investing across the full energy value chain — from generation and transmission to last-mile distribution — it has driven gains in both on-grid and off-grid access, connecting households, businesses, and institutions to power faster than before.

In Tanzania, for example, 7.5 million people have gained access to electricity under Mission 300 — a five-fold increase in the average annual pace of electrification prior to the initiative — driven by increased financing and growing policy momentum. In Ethiopia, 4.6 million people have been connected, supported by reforms that made grid connections more affordable.

Where past efforts often worked in parallel, Mission 300 aligns governments, partners, and private sector investors around a single shared agenda. That coordination is what is driving faster results: stronger political commitment, deeper policy reform, and the mobilization of resources needed to accelerate electrification and deliver impact on the ground.

To date, the African Development Bank Group and the World Bank Group have committed nearly $15 billion in financing and attracted about $4.5 billion in co-financing for Mission 300-related projects, while additional development partners have pledged more than $7 billion in support of Africa’s energy sector.

Mission 300’s unique approach is also changing the conditions under which private investors participate in African energy markets. By combining government reforms with layered public financing — including grants, guarantees, and concessional loans — the platform is mitigating risks for private providers to serve communities that were previously too costly or difficult to serve.

In Nigeria, more than 4.5 million people have been connected through private sector-led initiatives, demonstrating how well-designed public support and partner financing can help create commercially viable markets.

To date, 30 countries have launched National Energy Compacts, country-led plans to strengthen energy systems, expand affordable power generation, scale renewable energy solutions, promote regional integration, and increase private sector participation. Additional compacts are expected to be launched by Burkina Faso, the Central African Republic, Djibouti, Gabon, Rwanda and Uganda at the Africa Energy Forum this week.

“Fifty million people connected is a milestone — but the bigger story is the pace and the partnership behind it. Mission 300 is helping countries move faster, connect more people, and build a platform that will last well beyond this effort — one others can use, build on, and scale for years to come. At the end of the day, electricity is not just about power. It is about what it enables: jobs, business, health care, education, and opportunity,” said Ajay Banga, President of the World Bank Group.

“The 50 million milestone is indeed commendable. This must become the launchpad for faster electrification to enhance food security on account of affordable irrigation; increase capacity to store medicines for better health outcomes, and spur more inclusive economic and social empowerment,” said Sidi Ould Tah, President of the African Development Bank Group. “Governments, partners, private sector, and others who comprise what has evolved into an M300 movement must double down to achieve access for 300 million people by 2030. We need all hands on deck – literally!

Partners are leaning into Mission 300

“Connecting over 50 million to electricity is a major milestone for Mission 300. It proves that African-led big bets, empowered by bold investment and partnership, can deliver results quickly and at scale,” said Rajiv J. Shah, President of The Rockefeller Foundation. “The Rockefeller Foundation, along with the Global Energy Alliance, has committed more than $100 million to Mission 300 because we know that every new connection means a family with new access to the jobs, education, and the dignity they deserve.”

“The 50 million milestone shows that Mission 300 is moving beyond ambition and delivering real results for people across Africa. These achievements reflect the strong political commitment and implementation capacity of African governments,” said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All. “Together with our partners, Sustainable Energy for All will continue to support governments in implementing their National Energy Compacts and accelerating progress towards universal energy access by 2030.”

“Achieving electricity connections for 50 million people proves that we can move faster when public, private and philanthropic partners align behind country-led solutions,” said Woochong Um, CEO of Global Energy Alliance for People and Planet. “As Africa becomes home to the world’s largest young workforce, Mission 300 is the engine that will help power the jobs and economic growth the continent urgently needs.”

Launched in 2024, Mission 300 is a joint initiative of the World Bank Group and the African Development Bank Group supported by The Rockefeller Foundation, the Global Energy Alliance for People and Planet and Sustainable Energy for All, and a broad coalition of governments, development institutions, and private sector partners.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Contacts:
African Development Bank Group
Contact: media@afdb.org

World Bank Media Relations
press@worldbank.org

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

Media files

Download logo
Previous Post

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Releases 2025 Annual Development Effectiveness Report, Showcasing Impact in Trade, Investment, Risk Mitigation, and Human Development

Next Post

Samsung Galaxy Devices Put the Power of AI in Pockets, and A True Innovation For Everyone

Related Posts

Technology

Your Phone, Your Money: Six Habits Safaricom Says You Need to Stop

31 July 2026
Business

Stanbic Launches Direct China Payment System for Kenyan Businesses

31 July 2026
Sustainability

Standard Chartered Kenya’s sustainable finance assets rise to KSh62.5 billion

30 July 2026
Health

Britam unveils a medical cover Bima ya Wafanyakazi for domestic and informal workers

29 July 2026

Kenyan Legislators Join Global Faith Leaders at Vienna Conference to Advance Diplomacy and Governance

13 May 2025

Your Phone, Your Money: Six Habits Safaricom Says You Need to Stop

31 July 2026

Britam unveils a medical cover Bima ya Wafanyakazi for domestic and informal workers

29 July 2026

Samsung wants to move Kenyan schools beyond tablets with its digital classroom system

29 July 2026

Nedbank’s Bid for 66% of NCBA Oversubscribed as Investors Tender 1.3 Billion Shares

27 July 2026

From Matatus to My First Vitz: Mwangi’s Car Buying Journey in Nairobi

30 June 2025

NewsTrendsKE

A News Blog For Readers Who Want More

Follow us on social media:

  • About
  • Advertise
  • Careers
  • Contact

©2026 NewsTrendsKE.

No Result
View All Result
  • Business
    • Deals
  • OpEds
  • Sustainability
  • Women in Business
  • Lifestyle
  • Featured
  • Technology
    • Phones
  • Sports
  • World
  • Contact Us

©2026 NewsTrendsKE.

Exit mobile version