Close Menu
Xsum NewsXsum News

    Stay Updated.

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

    What's Hot

    Glade transforms fragrance into fashion with Make Africa Bloom event

    Centum RE leads the future of East African cities

    Experts highlight growing health concerns in Africa’s urban areas

    Facebook X (Twitter) Instagram
    Trending
    • Glade transforms fragrance into fashion with Make Africa Bloom event
    • Centum RE leads the future of East African cities
    • Experts highlight growing health concerns in Africa’s urban areas
    • How adaptive reuse can solve urban development challenges
    • How South African cities are rebuilding affordable housing
    • Sustainable infrastructure to fight climate change
    • China’s key minerals strategy in Africa – Africa Center
    • Egypt, African Financial Cooperation collaborates with Infinity Power to accelerate green transformation – Economy – Business
    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

    Glade transforms fragrance into fashion with Make Africa Bloom event

    June 3, 2026

    China’s key minerals strategy in Africa – Africa Center

    May 16, 2026

    Dangote Cement vows to make Africa self-sufficient in cement production – Nigeria Independent Newspaper

    April 29, 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

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

    November 17, 202523 Views

    Eni secures multi-million dollar loan for African FLNG project

    January 26, 202622 Views
    Don't Miss
    Construct Africa June 3, 2026

    Glade transforms fragrance into fashion with Make Africa Bloom event

    Glade’s ‘Make Africa Bloom’ event, held at Langham’s Lifestyle Estate, was a fragrant celebration. The…

    Centum RE leads the future of East African cities

    Experts highlight growing health concerns in Africa’s urban areas

    How adaptive reuse can solve urban development challenges

    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

    Glade transforms fragrance into fashion with Make Africa Bloom event

    Centum RE leads the future of East African cities

    Experts highlight growing health concerns in Africa’s urban areas

    Most Popular

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

    South Africa investigates mystery of plane arriving from Gaza carrying over 150 Palestinians

    ADB and Kabale University announce Sh1 billion incubation center

    © 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.