But the financing models, which blend loans with private investments, could deepen African countries’ debt crisis
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.The World Bank Group, in partnership with the African Development Bank and other collaborators, recently launched Mission 300, which aims to connect 300 million people to electricity in sub-Saharan Africa by 2030.
Mission 300 will provide electricity to underserved areas in Africa, particularly in rural regions, boosting access to digital tools, healthcare, and education. Access to reliable energy has been shown to improve quality of life and create pathways out of poverty. So far, $65 billion has been committed, with a significant portion channelled into projects under frameworks such as the AfDB’s Desert to Power initiative. This programme alone targets up to 10 gigawatts of solar energy across the Sahel region, intending to power 250 million people.
While private-sector investment can rapidly mobilise funds for electrification, it often neglects the social priorities necessary for inclusive energy access. Renewable energy projects, while beneficial overall, can have localised environmental effects. Large hydroelectric dams, for instance, may offer clean energy but can disrupt ecosystems and displace communities. The Grand Ethiopian Renaissance Dam displaced thousands of people and altered local agricultural practices. Mission 300 must prioritise thorough environmental assessments and include mitigation strategies to minimise the negative effects on local ecosystems and people.
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