The African Development Bank and World Bank are leading the charge with Mission 300, a bold initiative to connect 300 million Africans to electricity by 2030. Between 2016 and 2025, the African Development Bank invested $12.74 billion, connecting 28 million people and financing 40,000 km of distribution lines. Meanwhile, private sector investments, such as Aksa Energy’s $150 million deal with the Africa Finance Corporation, are boosting natural gas-driven power facilities across the continent.
Green bonds are also gaining traction, with Nigeria and South Africa leading the charge. Since Nigeria’s pioneering $30 million green bond in 2017, over 90% of green bond activity has been concentrated in five countries, signaling a growing appetite for sustainable financing.
