Mission 300 Africa Energy Summit secures historic country commitments and over $50 Billion in Partner Pledges to Accelerate Action on Affordable, Sustainable Energy Growth

DAR ES SALAAM, January 30, 2025 – The Global Energy Alliance for People and Planet (GEAPP) celebrates the collective efforts and achievements of the Mission 300 Africa Energy Summit (AES) in Dar es Salaam, Tanzania. Historic finance commitments were made to operationalize the landmark initiative, which will provide affordable and sustainable energy to 300 million people in Africa by 2030.

AES, hosted by the Government of the United Republic of Tanzania, the African Union, the African Development Bank Group, and the World Bank Group, convened leaders from across Africa—including thirty heads of state—1,000 business leaders, and the development finance community to transform Africa’s energy sector.

A consortium of DFIs and key Alliance partners, including the African Development Bank Group and World Bank Group, Agence Française de Développement (AFD), and Asian Infrastructure Investment Bank (AIIB), committed $48 million, €1 billion, and $1 billion—$1.5 billion, respectively, to support Mission 300’s urgent drive to deliver energy access in Africa. British International Investment (BII) also announced a new £5.3 million investment in UK cleantech firm MOPO to connect over a million people across the DRC to renewable energy sources.

In addition to committing $48 billion in financing for Mission 300 through 2030, the African Development Bank Group and World Bank Group launched Zafiri, an investment company scaling decentralized renewable energy solutions. Zafiri anchor partners will invest up to $300 million in the first phase and mobilize up to $1 billion to address the persistent equity gap in Africa. The Rockefeller Foundation expects to invest US$10 million into Zafiri.

The first National Energy Compacts (NECs), which will serve as blueprints with country-specific targets and timelines for implementing critical reforms, were presented at AES. The first 12 countries include: Chad, Côte d’Ivoire, the Democratic Republic of Congo (DRC), Liberia, Madagascar, Malawi, Mauritania, Niger, Nigeria, Senegal, Tanzania, and Zambia. The NECs demonstrate that a more conducive environment for investment is evolving in Africa, which is instrumental in attracting capital and cooperation to unlock green growth.

Thirty African Heads of State and governments endorsed the Dar es Salaam Declaration, which outlines concrete reforms and actions to expand reliable electricity access, stimulate economic growth, and improve the quality of life for millions across the continent. The Dar es Salaam Energy Declaration will be presented to the African Union for adoption, marking a pivotal moment in the global effort to deepen Africa’s energy landscape and meet Africa’s ambitions for climate action.

“GEAPP is proud to be part of this landmark effort,” said Woochong Um, CEO of GEAPP. “The progress made at the Africa Energy Summit this week is a testament to the power of radical collaboration. By bringing together governments, philanthropies, and the private sector, we are catalyzing a movement that will electrify Africa and unlock jobs, economic growth, and sustainable development. A thriving, electrified Africa will also strengthen global markets, enhance energy security and accelerate climate action. GEAPP is committed to working with our partners to scale innovative solutions and ensure that energy access delivers lasting impact and transformative change for people, economies and our shared futures.”

Mission 300 emphasizes the need for philanthropic capital, blended financing and innovative investment structures to address Africa’s energy gap. Through public-private-philanthropic partnerships, GEAPP and partners within the international finance community are playing a key role in de-risking investments and mobilizing capital to support distributed renewable energy, grid infrastructure, and cross-border energy trade. This approach is critical to achieving the Mission 300 goal of connecting 300 million Africans by 2030 and ensuring that energy access translates into economic empowerment for communities and delivers green growth.

Joseph Nganga, Vice President of GEAPP in Africa said: “GEAPP’s leadership and investment in Africa has made a significant impact. In just three years, the Alliance has deployed over $270 million into the African energy sector, catalyzing more than $500 million in additional funding to deliver more than 60 projects. From solar-power irrigation in Ethiopia to distributed renewable energy projects in Nigeria and battery energy storage in Malawi, GEAPP is driving innovations that create jobs, improve livelihoods, and bring energy to those who need it most.”

“The work we’ve done so far, in collaboration with the World Bank, AfDB, and other partners, is just the beginning,” said Woochong Um. “I am confident that together, we can achieve the bold vision set out at this summit. Now is the time to act, to invest, and to deliver a brighter, more sustainable future for Africa.”

During the Summit, GEAPP and The Rockefeller Foundation also announced nearly two dozen new energy access projects in 11 African countries and across the Common Market for Eastern and Southern Africa (COMESA), Africa’s largest regional economic organization. The projects are funded through an initial US$10 million commitment by the two organizations to the Mission 300 Technical Assistance Facility (TA Facility), which was launched in September 2024 to provide more flexible, short- and medium-term technical assistance (TA).

About Global Energy Alliance for People and Planet (GEAPP)
The Global Energy Alliance for People and Planet (GEAPP) is an alliance of philanthropy, governments, technology, policy, and financing partners. Our common mission is to enable emerging and developed economies to shift to a clean energy, pro-growth model that accelerates universal energy access and inclusive economic growth while supporting the global community to meet critical climate goals during the next decade. As an Alliance, we aim to reduce 4 gigatons of future carbon emissions, expand clean energy access to one billion people, and enable 150 million new jobs. With philanthropic partners the IKEA Foundation, The Rockefeller Foundation and Bezos Earth Fund, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions, catalyze new business models through innovation and entrepreneurship, and deploy high-risk capital to encourage private sector solutions and assist just transition solutions. For more information, please visit www.energyalliance.org and follow us on Twitter at @EnergyAlliance.

Media Contacts:

Eric Gay, Global Energy Alliance for People and Planet (GEAPP), media@energyalliance.org