AfDB, World Bank, AU to accelerate universal electrification in Africa

The African Development Bank Group, the World Bank Group, the African Union, and the Tanzanian government have reaffirmed their commitment to advancing Africa’s path toward universal electrification.
In a statement on Saturday, the AfDB announced that it would host a pivotal summit to support this objective.
The bank stated, “The Africa Energy Summit, scheduled for January 27 to 28 in Dar es Salaam, Tanzania, will bring together heads of state and government, private sector leaders, development partners, donors, experts, civil society organizations, and academics. The summit aims to secure the financial resources, partnerships, and political commitment necessary to achieve the ambitious Mission 300 plan and further progress toward universal electrification.”
Inaugurated in April 2024 by the AfDB and the World Bank, Mission 300 sought to provide electricity access to 300 million people in Sub-Saharan Africa by 2030.
It said the initiative would focus on a dual approach: increasing infrastructure investment and implementing policy reforms across the electricity supply chain.
According to the bank, with nearly 600 million Africans accounting for 83 per cent of the global energy deficit lacking access to electricity, the need for action has never been more urgent.
It noted, “The summit will serve as a platform to consolidate efforts and accelerate Africa’s electrification journey, aiming to transform lives, improve livelihoods, and foster economic growth. Experts and stakeholders will deliberate on strategies to mobilise investments, expand energy access, and address challenges impeding progress, ensuring that Africa’s energy goals remain within reach.”
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Army seeks traditional rulers’ intervention to tackle crime in Plateau
The commander assured the monarch of a comprehensive assessment of the challenges.

States
Police arrest two suspects over drug supply, rescue 17 minors in Bauchi
Mr Habib said police operatives conducted a search and recovered 12 packs of rubber solution from the suspects.

States
South-East commission delivers relief materials to Abia flood victims
Mr Ogbede said the donation also included diapers for children and sanitary pads for mothers affected by the flooding.

States
Niger: Woman allegedly poisons co-wife’s children over inability to bear child
The police arrested a woman for allegedly poisoning her co-wife’s children in Takuti village, Lapai Local Government Area.

Politics
Tinubu lists economy, education, healthcare as priorities if re-elected
Mr Tinubu commended Mr Wike and the people of Rivers for massively expressing their resolve to support his re-election bid.

Politics
While laying foundation for university in 1993, Tinubu was forfeiting $460,000 drug proceeds in U.S.: Atiku
Mr Abubakar dismissed Mr Tinubu’s latest attack on his investment in education as a desperate attempt to distract Nigerians from his administration’s failure.





