DAR ES SALAAM — Thirty African Heads of State and governments in the present day dedicated to concrete reforms and actions to increase entry to dependable, reasonably priced, and sustainable electrical energy to energy financial progress, enhance high quality of life, and drive job creation throughout the continent.
The Dar es Salaam Energy Declaration, endorsed on the Mission 300 Africa Energy Summit, represents a key milestone in addressing the power hole in Africa, the place greater than 600 million folks at present reside with out electrical energy. The commitments within the Declaration are a essential piece of the Mission 300 initiative, which unites governments, growth banks, companions, philanthropies, and the non-public sector to attach 300 million Africans to electrical energy by 2030. At the summit, Mission 300 companions pledged greater than $50 billion in help of accelerating power entry throughout Africa. The Declaration will now be submitted to the African Union Summit in February for adoption.
By addressing the elemental problem of power entry, Mission 300 serves because the cornerstone of the roles agenda for Africa’s rising youth inhabitants and the muse for future growth.
Twelve international locations—Chad, Côte d’Ivoire, Democratic Republic of Congo, Liberia, Madagascar, Malawi, Mauritania, Niger, Nigeria, Senegal, Tanzania, and Zambia—offered detailed National Energy Compacts that set targets to scale up electrical energy entry, enhance the usage of renewable power and appeal to extra non-public capital. These country-specific plans are time-bound, rooted in information, endorsed on the highest stage and deal with reasonably priced energy era, increasing connections, and regional integration. They purpose to spice up utility effectivity and increase clear cooking options. Deploying satellite tv for pc and digital mapping applied sciences, these compacts establish probably the most cost-effective options to convey electrical energy to underserved areas.
“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,” mentioned H.E. Dr. Samia Suluhu Hassan, President of the Republic of Tanzania.
Implementing the National Energy Compacts would require political will, long-term imaginative and prescient and the complete help of Mission 300 companions. Governments are paving the way in which via complete reforms, complemented by elevated concessional financing and strategic partnerships with philanthropies and growth banks to catalyze elevated non-public sector funding.
“Access to electricity is a fundamental human right. Without it, countries and people cannot thrive,” mentioned Ajay Banga, President of the World Bank Group. “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.”
Dr. Akinwumi A. Adesina, President of the African Development Bank Group, emphasised the necessity for decisive motion to speed up electrification throughout the continent. “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. 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.”
During the summit, companions introduced a sequence of commitments:
African Development Bank Group and the World Bank Group plan to allocate $48 billion in financing for Mission 300 via 2030, which can evolve to suit implementation wants
Agence Française de Dévelopment (AFD): €1 billion to help power entry in Africa
Asian Infrastructure Investment Bank (AIIB): $1 billion to $1.5 billion to help Mission 300
Islamic Development Bank (IsDB) Group: $2.65 billion in help of Mission 300 and power entry in Africa from 2025-2030
OPEC Fund: $1 billion in help of Mission 300 and power entry in Africa
The World Bank Group and the African Development Bank Group launched Zafiri, an funding firm that helps non-public sector-led options, equivalent to renewable mini-grids and photo voltaic house programs. Zafiri anchor companions will make investments as much as $300 million within the first section and mobilize as much as $1 billion to deal with the persistent fairness hole in Africa.
The agency commitments made by governments and companions on the summit reveal the distinctive energy of the Mission 300 partnership. By combining authorities reforms, elevated financing, and public-private partnerships, African international locations are positioned to show plans into motion, delivering tangible advantages to tens of millions of individuals.
The Mission 300 Africa Energy Summit was hosted by the United Republic of Tanzania, the African Union, the African Development Bank Group (AfDB), and the World Bank Group (WBG), with help from the Rockefeller Foundation, Energy Sector Management Assistance Program (ESMAP), Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL) and the Sustainable Energy Fund for Africa.