Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Nepal-Tibet floods kill 919, leave 4,793 missing

    August 31, 2026

    Indonesia links sports investment to new licensing framework

    August 31, 2026

    India and Uzbekistan deepen ties with strategic upgrade

    August 31, 2026
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    The Straits BudgetThe Straits Budget
    • Home
    • Contact Us
    The Straits BudgetThe Straits Budget
    Home » EU and World Bank partner to boost electricity access in Africa
    Featured News

    EU and World Bank partner to boost electricity access in Africa

    March 8, 2025
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    The European Commission and the World Bank Group have announced a strategic partnership to accelerate energy access in Africa, aligning their respective initiatives to drive renewable energy deployment across the continent. European Commission President Ursula von der Leyen and World Bank Group President Ajay Banga confirmed the collaboration in Brussels, integrating the EU’s Scaling Up Renewables in Africa initiative with the World Bank’s Mission 300, which aims to provide electricity to 300 million people in Africa by 2030.

    With approximately 600 million people in Africa still lacking access to electricity, the initiative underscores the urgent need for coordinated investment in sustainable energy infrastructure. The partnership aims to address growing energy demand, stimulate job creation, and support economic development by expanding the continent’s renewable power capacity. The Scaling Up Renewables in Africa campaign, launched by von der Leyen and South African President Cyril Ramaphosa in November 2024, focuses on mobilizing public and private sector investment for clean energy projects.

    Von der Leyen emphasized the commitment to advancing Africa’s clean energy transition, stating, “We are on a mission to power Africa with clean energy. Last November, we launched the Scaling Up Renewables in Africa campaign to accelerate investment in this sector. Today, we take it further by joining forces with the World Bank to drive renewable energy deployment and deliver sustainable power to millions.”

    Addressing Africa’s energy crisis through global partnerships

    Banga highlighted the economic and social impact of expanding electricity access, describing it as essential for job creation and sustainable growth. “Electricity is more than power it’s the foundation of jobs, opportunity, and economic growth. Mission 300 is about ensuring 300 million people gain access to reliable, affordable electricity so small businesses can thrive and young people are equipped for the jobs of the future,” he said.

    The World Bank’s Mission 300, launched in April 2024 in collaboration with the African Development Bank (AfDB), unites governments, the private sector, and philanthropic organizations to enhance energy access. It aims to improve utility efficiency, attract private investment, and promote regional energy integration. Key supporters of the initiative include The Rockefeller Foundation and other global development partners. By aligning Mission 300 with the Scaling Up Renewables in Africa campaign, the European Commission and the World Bank seek to strengthen financial support for renewable energy projects.

    This collaboration is expected to culminate at the G20 Leaders’ Summit in South Africa in November 2025, where commitments made under the European initiative will contribute directly to the objectives of Mission 300. The joint effort underscores a broader global push to bridge Africa’s energy gap through sustainable solutions, reinforcing the role of international partnerships in driving long-term economic and environmental progress. – By EuroWire News Desk.

    Related Posts

    Papa Johns teams up with Disney and Pixar for Toy Story 5

    August 7, 2026

    Talos Integrates with STS Digital to Bring Institutional Crypto Options and Spot Liquidity to its Provider Network

    August 5, 2026

    STS Digital Awarded Best Derivatives Trading Solution at TradingTech Insight Awards

    June 12, 2026

    Top Trading Trends in Southeast Asia: What 2026 Is Showing So Far

    April 9, 2026

    Silver tumbles as COMEX margins rise and volatility spikes

    February 14, 2026

    UAE and Egypt reaffirm ties as leaders meet in Abu Dhabi

    February 10, 2026
    Current News

    Nepal-Tibet floods kill 919, leave 4,793 missing

    August 31, 2026

    KATHMANDU, NEPAL / RankWire.AI / – Flooding across Nepal and Tibet has killed at least…

    Indonesia links sports investment to new licensing framework

    August 31, 2026

    India and Uzbekistan deepen ties with strategic upgrade

    August 31, 2026

    Magnitude 5.1 earthquake strikes Longchang City in China Sichuan

    August 29, 2026

    DR Congo launches Ebola vaccination campaign in eastern region

    August 29, 2026

    Algeria wildfires kill 12 and injure 54 amid severe heat

    August 27, 2026

    South Korea tourist arrivals reach 2.09 million in July

    August 26, 2026

    Air Arabia sets December start for Sharjah Gdansk route

    August 26, 2026
    © 2026 The Straits Budget | All Rights Reserved
    • Home
    • Contact Us

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