• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

Mission 300 Africa Energy Summit to Concretize Efforts to Connect 300 Million Africans to Energy by 2030

8 months ago
in Energy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
82
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Mission 300 Africa Energy Summit to Concretize Efforts to Connect 300 Million Africans to Energy by 2030

In a bold step to address Africa’s persistent energy crisis, the World Bank Group and the African Development Bank Group will convene an Africa Energy Summit on January 27-28 to advance an ambitious plan to deliver electricity to 300 million Africans by 2030.

The summit, slated for Dar es Salaam, Tanzania, will bring together 13 African Heads of State, international partners, philanthropies, and private sector leaders to advance Mission 300 — a groundbreaking initiative to scale energy access and accelerate the continent’s clean energy transition.

“The time to act is now,” said Franz Drees-Gross, World Bank Director of Infrastructure for West Africa. “Mission 300 represents not just an ambitious target but a movement…we are creating a lasting impact that will power Africa’s growth and enable millions of people to access the essential services electricity provides,” Drees-Gross told journalists at a media briefing on Thursday.

The World Bank Group and the African Development Bank launched the initiative in April 2024 in an unprecedented collaboration, alongside other global partners, to bridge the persistent energy access gap in Africa, leveraging innovative technology and innovative financing. Nearly 600 million Africans, representing a staggering 83 percent of the world’s energy have-nots — lack access to electricity.

“The upcoming Summit will unveil new initiatives aimed at boosting domestic resource mobilization and encouraging cross-border trade to spread risk and increase financing for energy access,” African Development Bank’s Director for Energy Financial Solutions, Policy and Regulation, Wale Shonibare, said in is opening comments.

Already, the Global Energy Alliance for People and Planet (GEAPP) and The Rockefeller Foundation have committed $10 million to create a technical assistance facility supporting electricity projects across 11 African nations.

RelatedPosts

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

“What makes this initiative different from what institutions have done in the past is the ‘all hands-on deck approach’ with a lot of institutions working hand-in-hand to deliver the ambitious agenda,” explained Sarvesh Suri, IFC’s Director for Infrastructure in Africa.

Key outcomes expected from the Africa Energy Summit

The Summit will culminate in the signing of the Dar es Salaam Energy Declaration, committing African governments to accelerate energy access, promote renewable energy adoption, and attract private investment.

Thirteen pilot countries, including Nigeria, the Democratic Republic of Congo, and Côte d’Ivoire, will pledge reforms in five key areas — low-cost power generation, regional energy integration, increased energy access, enabling private investment, and utility strengthening.

Financial institutions, such as the International Finance Corporation are expected to outline new investment vehicles and funding initiatives to support the private sector’s role in advancing distributed renewable energy solutions.

The two-day gathering will also highlight energy sector successes in selected countries, establish an alliance of sector stakeholders to accelerate energy infrastructure investments, and strengthen regional power planning, markets trade, and policy frameworks to support the implementation of the Continental Master Plan and the African Single Electricity Market.

Mission 300’s strategy encompasses both traditional grid expansion and innovative off-grid solutions to reach remote communities. The program will prioritize sustainable financing models and address critical challenges such as currency mismatches in project funding.

Daniel Schroth, African Development Bank’s Director for Renewable Energy and Energy Efficiency, emphasized the urgency of implementation. “It’s a tight journey because 2030 is only five years away and we have to deliver, not expected connections, but actual connections to 300 million by 2030.”

The summit is expected to draw over 1,000 participants from across Africa and beyond, marking a crucial milestone in the continent’s journey toward universal energy access.

Tags: Mission 300 Africa Energy SummitMission 300 Africa Energy Summit to Concretize Efforts to Connect 300 Million Africans to Energy by 2030

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Wall Street Forecasts Oil in the $50s Next Year

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

Three SOEs Make First Dividend Payment of GHS 29.3m in 30 years

Gov’t Misses T-Bills Target by GHS 3.38bn as Investor Appetite for Debt Shifts to BoG Securities

Trending

Business

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

September 1, 2025

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana's GDP in 2024 State-Owned Enterprises (SOEs)...

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

September 1, 2025

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

September 1, 2025

Wall Street Forecasts Oil in the $50s Next Year

September 1, 2025

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.