The World Bank said seventeen African governments have committed to reforms and actionable plans to expand electricity access as part of Mission 300, an ambitious partnership led by the lender and the African Development Bank Group that aims to connect 300 million Africans to electricity by 2030.
The lender said in a statement on Wednesday that governments from Benin, Botswana, Burundi, Cameroon, Comoros, the Republic of the Congo, Ethiopia, Gambia, Ghana, Guinea, Kenya, Lesotho, Mozambique, Namibia, São Tomé and Príncipe, Sierra Leone, and Togo endorsed National Energy Compacts at the Bloomberg Philanthropies Global Forum.
The Bank described the compacts as policy blueprints intended to guide public spending, drive reforms, and attract private investment, while serving as a model for the rest of the world.
Nigeria was not part of the latest group; it had joined earlier this year alongside Chad, Côte d’Ivoire, Democratic Republic of Congo, Liberia, Madagascar, Malawi, Mauritania, Niger, Senegal, Tanzania, and Zambia. Collectively, those countries pledged more than 400 policy actions to strengthen utilities, reduce investor risk, and remove bottlenecks. African Development Bank Group President Dr Sidi Ould Tah said, “Reliable, affordable power is the fastest multiplier for small and medium enterprises, agro-processing, digital work, and industrial value-addition.
“Give a young entrepreneur power, and you’ve given them a paycheck,” he added.
The World Bank Group and the African Development Bank Group are working with partners, including the Rockefeller Foundation, Global Energy Alliance for People and Planet, Sustainable Energy for All, and the World Bank’s Energy Sector Management Assistance Program trust fund, to align efforts in support of powering Africa.