Close Menu
Xsum NewsXsum News

    Stay Updated.

    Get the latest Africa-focused business & infrastructure news and more directly to your inbox.

    What's Hot

    Building South Africa’s next chapter through sustainable infrastructure

    Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region

    Sustainable infrastructure strengthens South Africa’s future

    Facebook X (Twitter) Instagram
    Trending
    • Building South Africa’s next chapter through sustainable infrastructure
    • Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region
    • Sustainable infrastructure strengthens South Africa’s future
    • Initial 11 rail operators selected for 41 routes as South Africa takes major step in opening up freight rail to private sector
    • Risk mitigation focused as SA opens rail and port networks to private participants
    • AIHS partners with Federal Department of Housing and Urban Development at 18th Housing Show
    • AIHS mourns Raila Odinga and celebrates his work in affordable housing and urban development
    • AIIB expands investment in Africa with first sub-Saharan infrastructure project
    X (Twitter) Instagram YouTube LinkedIn TikTok
    Xsum NewsXsum News
    • African Development Bank
    • Africa Finance Corporation
    • All Africa – Construction & Infrastructure
    • Africa Intelligence
    • Construct Africa
    • More
      • Mining Review Africa
      • Energy Capital Power
      • Sustainability & Climate-Resilient Infrastructure
      • Private-Sector Infrastructure Players
      • Urban Development & Housing
    Xsum NewsXsum News
    You are at:Home»African Development Bank»Companies pledge $100 million to help electrify Africa
    African Development Bank

    Companies pledge $100 million to help electrify Africa

    Xsum NewsBy Xsum NewsMarch 26, 2026No Comments3 Mins Read1 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    The Rockefeller Foundation and the Global Energy Alliance for People and Planet have committed more than $100 million to support Mission 300, a World Bank and African Development Bank initiative aimed at connecting 300 million people in Africa to electricity by 2030. The funding, which began with a $10 million commitment in September 2024, has grown more than 10 times in 19 months, according to a statement from the partners.

    Rajiv Shah, president of the Rockefeller Foundation, said the foundation is making its biggest bet in history on connecting people to electricity as the single best path out of mass poverty.

    He said: “Our investment in Mission 300 reflects our commitment to how best to advance human well-being in the 21st century: leading countries, leveraging cutting-edge technology and relentlessly focusing on achievable and measurable goals. We look forward to working with our partners to continue the extraordinary momentum behind Mission 300 and connect even more people in Africa, including a growing number of young people, to employment, dignity and prosperity.”

    African Development Bank Vice President for Power, Energy, Climate and Green Growth Kevin Kariuki added that Mission 300 is fundamentally about achieving goals and translating them into large-scale results.

    Kariuki explained that catalytic capital from partners such as the Rockefeller Foundation and the Global Energy Alliance plays a critical role in strengthening government delivery capacity, de-risking investments, and accelerating projects that can mobilize greater public and private funding.

    Also, Woo-chung Um, CEO of the Global Energy Alliance, asserted that reliable, affordable and abundant electricity is essential for jobs, prosperity and resilience.

    He added: “Our Alliance is proud to support Mission 300, which brings together partners from governments, development banks, philanthropy, non-profits and the private sector to unlock investment and accelerate supply. From compact supply and monitoring units to decentralized renewable energy and productive use programmes, we are focused on ensuring new electricity connections lead to lasting economic opportunities for people and communities across Africa.”

    Mission 300 supports countries through technical assistance, investment programs, and private sector mobilization. The initiative is currently being implemented in 23 countries, including Nigeria, Benin, Burkina Faso, Democratic Republic of Congo, Chad, Ivory Coast, Ethiopia, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mauritania, Mozambique, Niger, Republic of Congo, Rwanda, Senegal, Sierra Leone, Somalia, Togo, Uganda and Zambia.

    Since its launch in April 2024, Mission 300 has enabled approximately 44 million people to have access to electricity, with tens of millions more expected to have access to electricity by the end of 2026. The statement noted that nearly 730 million people in Africa remain without access to electricity, with approximately 85 per cent of those without electricity in sub-Saharan Africa.

    The Rockefeller Foundation and the Global Energy Alliance said that support will include technical assistance to national energy sectors, clean cooking initiatives, financing facilities for energy-efficient appliances, and investments in renewable energy projects to expand off-grid power access.

    Africa companies electrify million pledge
    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleInterest, agency, and new deals – ACCORD
    Next Article IAEA supports Rwanda’s nuclear program as SMR targets 70% of national power
    Xsum News
    • Website

    Related Posts

    Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region

    April 14, 2026

    Initial 11 rail operators selected for 41 routes as South Africa takes major step in opening up freight rail to private sector

    April 9, 2026

    AIIB expands investment in Africa with first sub-Saharan infrastructure project

    March 30, 2026
    Leave A Reply Cancel Reply

    Top Posts

    African Development Bank Group and Nedbank Group sign multi-billion rand funding partnership to transform housing access and boost African trade

    December 19, 202529 Views

    A United Continent on the Move: Ambassador Kouyateh’s Call for an African Logistics Renaissance

    November 20, 202529 Views

    Eni secures multi-million dollar loan for African FLNG project

    January 26, 202622 Views

    African Development Fund and WHO collaborate to save Sudan’s health system

    November 17, 202522 Views
    Don't Miss
    Sustainability & Climate-Resilient Infrastructure April 14, 2026

    Building South Africa’s next chapter through sustainable infrastructure

    As countries and industries move from ambition to implementation of sustainability strategies, South Africa is…

    Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region

    Sustainable infrastructure strengthens South Africa’s future

    Initial 11 rail operators selected for 41 routes as South Africa takes major step in opening up freight rail to private sector

    Stay In Touch
    • Twitter
    • Instagram
    • YouTube
    • LinkedIn
    • TikTok

    Stay Updated.

    Get the latest Africa-focused business & infrastructure news and more directly to your inbox.

    About Us
    About Us

    Xsum News is Africa’s digital window into the future of business. We tell stories of innovation, enterprise, and investment that are shaping the continent’s economic rise. African Business, Added Up.

    X (Twitter) Instagram YouTube LinkedIn TikTok
    Our Picks

    Building South Africa’s next chapter through sustainable infrastructure

    Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region

    Sustainable infrastructure strengthens South Africa’s future

    Most Popular

    African Development Bank praises Algeria’s development model, aims to replicate its success across the continent

    Considering the redefinition of African capital by UBA and Arauba

    G20 Energy Investment Forum brings together Africa’s top finance, insurance and technology leaders

    © 2026 Xsum News. All Rights Reserved.
    • 🌍 About Xsum News
    • 📬 Contact us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.