World Bank, AfDB to Boost African Electrification Plan This Year
The World Bank and African Development Bank are accelerating the 'Mission 300' program to provide electricity to 300 million people in Africa by 2030. The initiative focuses on policy reforms and infrastructure projects, including new mini-grids in Eritrea.
Why it matters
Expanding energy access is critical for economic development and poverty reduction in a region where a large portion of the population remains off-grid.
(Bloomberg) -- The World Bank and African Development Bank plan to accelerate their program to bring electricity to hundreds of millions of Africans this year by approving new projects, investing in Eritrea and promoting the development of regional power pools.
The report provides a factual summary of development bank initiatives and quotes from officials.
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