World Bank and AfDB Launch $90 Billion Mission 300 to Electrify 300M Africans by 2030

Sep 22, 2024, 12:01 PM

The World Bank and the African Development Bank Group (AfDB) have launched a $90 billion initiative to provide electricity to 300 million Africans by 2030. This project, known as Mission 300, aims to address the significant electricity divide in Sub-Saharan Africa, where approximately 600 million people currently lack access to electricity. The initiative underscores electricity access as a fundamental human right and a crucial element for economic development. Ajay and AfDB President Akin Adesina are key figures in this effort. Microsoft's Brad Smith emphasized the link between electricity growth and economic development. The announcement was made in conjunction with the UN Summit of the Future and UNGA79, highlighting the global commitment to ending poverty and promoting sustainable development.