African nations commit to electricity for 300 million people by 2030
The heads of 30 African nations have endorsed a plan to provide “reliable, affordable and sustainable” electricity to 300 million people who currently do not have regular access across the continent over the next five years. The plan is expected not only to boost renewable energy and economic opportunity around the continent, but also support new jobs. The World Bank has committed $30 billion to the plan, while the AfDB pledged $10 billion. The Asia Infrastructure Investment Bank pledged $1 billion in financing, while the Islamic Development Bank committed $4.65 billion.