Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Multilateral lenders and global development finance institutions have pledged over $50 billion towards the Mission300 project that aims to connect at least 300 million Africans to energy by 2030, more than halving the continent’s energy access gap.
The financiers, including the World Bank, the African Development Bank (AfDB), the French Development Agency (AFD), the Islamic Development Bank (IsDB), the Asian Infrastructure Investment Bank (AIIB), and the OPEC Fund, are already financing projects on the continent, but have now committed to channelling more funds towards bridging the continent’s energy gap.
