The African Development Bank (AfDB) has reaffirmed its unwavering commitment to revolutionizing Africa’s energy landscape, pledging to significantly boost investments and accelerate climate financing through its newly unveiled Mission 30 initiative.
This bold declaration comes ahead of COP 30, signaling the bank’s determination to tackle the continent’s pressing energy challenges.
Speaking at the 2025 Finance Income Summit, AfDB Vice President Mrs. Bu emphasized the urgent need to address energy access disparities, particularly in sub-Saharan Africa.
With a staggering 600 million people still living without electricity, the continent faces a critical hurdle in its development trajectory.
Mrs. Bu underscored the pivotal role of local financial institutions in bridging the energy financing gap and fostering sustainable solutions.
While acknowledging the significant strides made in expanding energy access, she highlighted that financing remains a major obstacle, especially for last-mile connectivity and off-grid solutions.
“We must accelerate our efforts to ensure that every African has access to clean, affordable, and reliable energy,” stated Mrs. Bu. “Mission 30 is our commitment to scaling up investments and driving innovation in the energy sector, ultimately contributing to a more sustainable and prosperous Africa.”
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The AfDB’s Mission 30 initiative is poised to play a crucial role in mobilizing resources and fostering partnerships to achieve universal energy access.
The bank aims to leverage its expertise and financial instruments to attract private sector investment and support the development of renewable energy projects across the continent.
This renewed commitment comes at a critical juncture as Africa grapples with the impacts of climate change and strives to achieve its sustainable development goals.
By prioritizing energy access, the AfDB is not only empowering communities but also driving economic growth and building resilience to climate shocks.
The AfDB’s proactive approach signals a strong commitment to transforming Africa’s energy sector and ensuring a brighter future for millions of people.
As the continent prepares for COP 30, the bank’s leadership in driving energy access and climate financing will be crucial in shaping the global agenda.
