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Mission 300 off to strong start after securing more than $50bn in commitments

Date: 07/02/2025

Mission 300 seeks to leverage the collective efforts of governments, development banks, partners, philanthropies, and the private sector to connect 300 million Africans to electricity by 2030.

Thirty African heads of state and government have signed a landmark declaration committing to concrete reforms aimed at expanding access to reliable, affordable, and sustainable electricity across the continent.

The leaders made this pledge in late January during the Mission 300 Africa Energy Summit held in the Tanzanian commercial capital of Dar es Salaam. The declaration, known as the Dar es Salaam Energy Declaration, will be submitted to the African Union Summit in February for adoption.

Mission 300 seeks to leverage the collective efforts of governments, development banks, partners, philanthropies, and the private sector to connect 300 million Africans to electricity by 2030. This initiative represents a significant milestone for a continent where 600 million people currently live without electricity. It is expected to drive economic growth, improve quality of life, and create jobs across Africa.

“Tanzania is honored to have hosted such a monumental summit to discuss how, as leaders, we will be able to deliver on our promise to our citizens to provide power and clean cooking solutions that will transform lives and economies,” said Samia Suluhu Hassan, President of Tanzania.

Ambitious national energy compacts

Twelve African countries—Chad, Côte d’Ivoire, Democratic Republic of Congo, Liberia, Madagascar, Malawi, Mauritania, Niger, Nigeria, Senegal, Tanzania, and Zambia— presented detailed National Energy Compacts outlining their targets to scale up electricity access, increase the use of renewable energy, and crowd in additional private capital.

The country-specific plans are time-bound, data-driven, and endorsed at the highest level. They focus on affordable power generation, expanding connections, and regional integration.

Akinwumi Adesina, President of the African Development Bank Group, emphasized the need for decisive action to meet the ambitious targets outlined in the national energy compacts.

 “Critical reforms will be needed to expand the share of renewables, improve utility performance, ensure transparency in licensing and power purchase agreements, and establish predictable tariff regimes that reflect production costs.”

 

Adesina affirmed the Bank’s robust support for the initiative, saying: “Our collective effort is to support you, heads of state and government, in developing and implementing clear, country-led national energy compacts to deliver on your visions for electricity in your respective countries.”

A collaborative approach

Ajay Banga, President of the World Bank Group, described access to electricity as “a fundamental human right” and argued that it is a prerequisite for economic transformation on the continent. “Without it, countries and people cannot thrive,” he stated.

Banga stressed the need for a collaborative approach, where global development partners work together with African governments to drive reforms, attract private investments, and leverage public-private partnerships.

“Our mission to provide electricity to half of the 600 million people in Africa without access is a critical first step. To succeed, we must embrace a simple truth: no one can do it alone. Governments, businesses, philanthropies, and development banks each have a role—and only through collaboration can we achieve our goal,” he stated.

The African Development Bank and the World Bank plan to allocate $48 billion in financing for Mission 300 through 2030. This allocation may evolve to fit implementation needs. Overall, pledges from development partners to Mission 300 have exceeded $50 billion, highlighting the strong momentum the initiative has garnered from the outset.

Source: African Business

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