Close Menu
    ME Daily Mail: The Middle East, delivered daily.ME Daily Mail: The Middle East, delivered daily.
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    ME Daily Mail: The Middle East, delivered daily.ME Daily Mail: The Middle East, delivered daily.
    Home » European Commission, World Bank align for Africa’s power future
    Featured News

    European Commission, World Bank align for Africa’s power future

    March 6, 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.

    European Commission, World Bank align for Africa’s power future

    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

    Dubai Delhi AI4306 delay exposes Air India crisis management

    August 4, 2026

    Risk-On or Risk-Off? How to Read Global Sentiment Before You Trade

    July 20, 2026

    Elite Group Holding Strengthens Customer Value Through Strategic Lifestyle Partnerships

    July 16, 2026

    US stocks fall as oil surge weighs on Wall Street

    July 14, 2026

    Brent crude jumps 9.6% to $83.30 amid Hormuz risks

    July 14, 2026

    Gold falls below $4,000 after oil prices jump

    July 14, 2026
    Latest News

    China Implements New Drone Export Restrictions and Sanctions on US Entities, Responding to Recent US Measures

    August 6, 2026

    On Wednesday, China announced a series of retaliatory measures targeting the United States, including tighter restrictions on drone-related exports and limitations on dealings with seven American organizations. These new policies came into force on August 5. China’s Ministry of Commerce stated that exporters must secure approval for controlled drones, essential components, and related technologies headed to the US. This directive does not halt all Chinese drone shipments; instead, it subjects covered items to more rigorous, case-by-case reviews within China’s existing dual-use export framework.

    Eurozone Manufacturing Sees Growth Despite Weakening Export Orders, Broader Economy Expands

    August 5, 2026

    European Union Launches Scaleup Europe Fund, Aims to Raise €5 Billion to Boost Tech Growth

    August 5, 2026

    Global Trade and AI Policy Connected at WTO Event, Promoting Inclusive Economic Growth

    August 5, 2026

    OECD’s Inflation Rate Drops to 4.2%, Energy Prices Easing Significantly

    August 5, 2026

    New Ebola vaccine enters human trial as Congo cases rise

    August 5, 2026

    Guatemala Escalates to Red Alert Over Fuego Volcano Eruption, Emergency Measures Enacted

    August 5, 2026

    UK’s Economic Growth Continues, but Investment and Employment Slowdown Raises Concerns

    August 5, 2026
    © 2026 ME Daily Mail | All Rights Reserved
    • Home
    • Contact Us

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