African leaders have made a bold commitment to bring affordable electricity to 300 million people across the continent within the next five years.
The pledge was made during the Africa Energy Summit held in Dar es Salaam, Tanzania, where 25 African presidents and 1,000 delegates gathered to address the continent’s critical energy deficit.
Currently, 71 million people across Africa lack access to electricity, hindering economic growth and development. The summit, dubbed “Mission 300,” aims to accelerate access to reliable and affordable energy through a combination of strategies, including increased investment in renewable energy sources like solar and hydropower.
The “Dar es Salaam Energy Declaration” outlines ambitious plans to lower electricity costs, reduce reliance on traditional fuels like firewood, and boost clean energy production.
The initiative is supported by significant financial backing, with the African Development Bank and the World Bank pledging $40 billion to support these efforts.
Tanzanian President Samia Suluhu Hassan emphasized the transformative power of this initiative, stating, “This declaration represents a turning point for Africa’s energy future.”
This ambitious undertaking promises to unlock significant economic potential and improve the lives of millions of people across the African continent.