African Development Bank Group

Private Sector Seeks Role in Power Transmission and Distribution in Africa      Major investors called for Africa’s energy transmission and distribution sectors to be opened to private capital during the recent #Mission300 Africa Energy Summit in Dar es Salaam, #Tanzania.       Addressing African leaders and senior officials from multilateral institutions, during a panel session titled “The Role of Private Investment in Africa's Energy Sector,” Patrick Pouyanné, CEO of TotalEnergies; Hussain Al Nowais, Chairman of UAE energy giant AMEA Power; Aminu Umar-Sadiq, CEO of NSIA: Nigeria Sovereign Investment Authority; and Makhtar Diop, Managing Director of the IFC - International Finance Corporation, expressed consensus: the private sector has a vital role to play in electricity transmission and distribution in Africa, to deliver greater investment and extend electricity to millions of Africans currently living without it.     Catch up on the session here: https://bit.ly/40UyHwT #PoweringAfrica

#PoweringAfrica: African Ministers Welcome Bold Mission 300 Initiative to Expand Electricity Access At the #Mission300 Africa Energy Summit, ministers from #SouthAfrica, #Zambia, #Kenya, Côte d'Ivoire and #Nigeria emphasised that while each country faces unique challenges, achieving universal electricity access will require strong political leadership, policy reforms, and private sector investment. "Every country will be able to carve its own unique path," said South Africa's Minister of Electricity, Dr. Kgosientsho Ramokgopa. He outlined three key priorities: affordability and accessibility, a just and affordable transition, and regional interconnectivity. "Essentially, we see ourselves as a network of countries linked by these regional power pools." Nigeria Finance Minister and Coordinating Minister of the Economy, Wale Edun, highlighted the country's progress in attracting private investment: "Since the regulation of the sector, we've had 150 mini-grids set up and a million standalone solar connections in recent times." Dr. Kevin KARIUKI, African Development Bank Vice President for Power, Energy, Climate and Green Growth opened the panel by outlining Mission 300’s ambitious scope: "We shall provide fast and energy-efficient solutions to 300 million people across Africa. It is difficult, it is challenging, but cost-effective outcomes can play a crucial role." More from the high-level discussion: https://bit.ly/4jAw5vi

#PoweringAfrica: Groundbreaking Iringa-Shinyanga Transmission Line project only power trade corridor linking the Eastern and Southern African Power Pools. Several local and international media travelled to #Tanzania’s capital, Dodoma, to visit the Iringa-Shinyanga Transmission Line project. Funded by five financial partners, including the African Development Bank Group, this backbone project has revolutionised Tanzania's energy landscape and is an example how multi-partner energy projects can improve livelihoods and communities across Africa. WATCH: Bank Principal Operations Officer, Andrew Muguwa, explains the transformative regional impact of the power trade corridor. #PoweringTanzania #Mission300

#PoweringAfrica: Leaders Commit to Energy Transformation With More Than $50 Billion Backing From Global Partners  Thirty African Heads of State and government committed to concrete reforms and actions to expand access to reliable, affordable, and sustainable electricity to power economic growth, improve quality of life, and drive job creation across the continent.   “Tanzania is honoured 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,” said H.E. Dr. Samia Suluhu Hassan, President of the United Republic of #Tanzania.  The leaders pledged their commitment in a declaration during the two-day #Mission300 Africa Energy Summit in the Tanzanian commercial capital, Dar es Salaam. Partners pledged more than $50 billion in support of increasing energy access across Africa.  By combining government reforms, increased financing, and leveraging public-private partnerships, African countries are positioned to turn plans into action, delivering tangible benefits to millions of people.  Akinwumi A. Adesina, President of the African Development Bank Group, emphasised the need for decisive action to accelerate electrification across Africa: “Critical reforms will be needed to expand the share of renewables, improve utility performance utilities, 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.”  “Access to electricity is a fundamental human right. Without it, countries and people cannot thrive,” said 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.” More on the landmark gathering here: https://bit.ly/3WzHWjm 

⁠LIVESTREAM DAY 2, 28 JANUARY 2025

LIVE: Day 2️⃣ at the #Mission300 Africa Energy Summit in Dar es Salaam, #Tanzania. #PoweringAfrica ▶️ https://bit.ly/4hOPver (FR)

STARTING SOON: Day 2⃣ at the #Mission300 Africa Energy Summit in Dar es Salaam, #Tanzania. #PoweringAfrica Visit https://bit.ly/AES_Agenda for the full agenda.

Electricity is a lifeline. Reliable, affordable, and sustainable energy creates jobs, fosters higher incomes, and drives economic growth. This is the WHY behind #Mission300, a joint initiative by the African Development Bank Group and The World Bank Group, in collaboration with partners, to connect 300M people to electricity in Africa by 2030. Tune into the Africa Energy Summit for more on the HOW: https://bit.ly/AfDB_AES #PoweringAfrica

In case you missed it: recap from Day 1️⃣ of the hashtag #Mission300 Africa Energy Summit ▶️ Panel 1: Taking Africa’s Energy Agenda to the Next Level https://bit.ly/40MqjPY ▶️ Panel 2: Policies and Reforms for Transforming African Energy https://bit.ly/4aGvSCU ▶️ Panel 3: Role of International Partners in the Acceleration of Energy Transformation - https://bit.ly/4gi9BfV ▶️ Panel 4: Leveraging the African Continental Masterplan and Single Electricity Market as Catalysts - https://bit.ly/3E8baiU Join us today for Day 2️⃣ : 🎥 https://bit.ly/4azMP1J (EN) | https://bit.ly/4hOPver (FR) #PoweringAfrica #PoweringTanzania

#Mission300 Africa Energy Summit: “This is mission critical… we must listen and hear and make sure this is an action-driven summit.” Connecting 300 million Africans to electricity within the next five years is within reach through collaborative effort and commitment to implementation, heard participants at the Summit in Dar es Salaam, #Tanzania, heard on Monday. Speaking during the opening panel discussion at the start of the two-day gathering, African Development Bank President Dr. Akinwumi Adesina called for active involvement from a wide range of stakeholders, including bilateral and multilateral institutions, private sector entities, civil society organizations, and foundations. “With power, #Africa will not just meet expectations but exceed them, becoming a competitive and prosperous continent,” he said. The second day of the summit will see the participation of several heads of state from across Africa, who will join more than 1,500 other participants. Together, they will chart Africa’s course toward universal access to energy. ➡ https://bit.ly/4jziunZ #PoweringAfrica