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17 Countries Commit to Concrete Plans to Scale Up Electricity Access as Mission 300 Expands

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11 months ago

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electricity

Seventeen African governments today committed to reforms and actionable plans to expand electricity access as part of Mission 300—an ambitious partnership led by the World Bank Group and African Development Bank Group (https://www.AfDB.org/) that aims to connect 300 million Africans to electricity by 2030.

At the Bloomberg Philanthropies Global Forum (https://apo-opa.co/42dhJtN) , national Energy Compacts—practical blueprints that guide public spending, trigger reforms, and attract private capital—were endorsed by Benin, Botswana, Burundi, Cameroon, Comoros, the Republic of the Congo, Ethiopia, Gambia, Ghana, Guinea, Kenya, Lesotho, Mozambique, Namibia, São Tomé and Principe, Sierra Leone, and Togo.

“Electricity is the bedrock of jobs, opportunity, and economic growth,” said World Bank Group President Ajay Banga. “That’s why Mission 300 is more than a target—it is forging enduring reforms that slash costs, strengthen utilities, and draw in private investment.”

Since the launch (https://apo-opa.co/3KfhisX) of Mission 300, 30 million people have already been connected, with more than 100 million in the pipeline.

“Reliable, affordable power is the fastest multiplier for small and medium enterprises, agro-processing, digital work, and industrial value-addition,” said African Development Bank Group President Dr Sidi Ould Tah. “Give a young entrepreneur power, and you’ve given them a paycheck.”

National Energy Compacts are at the core of Mission 300, developed and endorsed by governments with technical support from development partners. Tailored to each country’s context, these practical blueprints integrate three core tracks—infrastructure, financing, and policy.

Earlier this year, Energy Compacts were endorsed by Chad (https://apo-opa.co/4gF13Bj), Côte d’Ivoire (https://apo-opa.co/4mE9sWZ), Democratic Republic of Congo (https://apo-opa.co/3IB2YKL), Liberia (https://apo-opa.co/46oLQkz), Madagascar (https://apo-opa.co/3W9jaG5), Malawi (https://apo-opa.co/3IvVnx2), Mauritania (https://apo-opa.co/4mB96Re), Niger (https://apo-opa.co/4njBRTr), Nigeria (https://apo-opa.co/4mFo48O), Senegal (https://apo-opa.co/4nysQ96), Tanzania (https://apo-opa.co/3VBpA0A), and Zambia (https://apo-opa.co/4nxsNKT)—together pledging to make more than 400 policy actions to strengthen utilities, reduce investor risk, and remove bottlenecks.

The World Bank Group and the African Development Bank Group are working with partners including the Rockefeller Foundation (https://apo-opa.co/42bC2b2), Global Energy Alliance for People and Planet (GEAPP) (https://apo-opa.co/3KkwtkA), Sustainable Energy for All (SEforALL) (https://apo-opa.co/4nqxGFA), and the World Bank’s Energy Sector Management Assistance Program (ESMAP) (https://apo-opa.co/4gS8ZiP) trust fund to align efforts in support of powering Africa. Many development partners and development finance institutions are also supporting Mission 300 projects through co-financing and technical assistance.

Quotes by African Heads of State and Ministers Committing to Mission 300 Energy Compacts today:

Duma Boko
President of Botswana
“This National Compact is our shared pledge to ensure accessible, reliable and affordable energy as a basic human need, to transform our economy and create jobs, and to electrify our journey to an inclusive high-income country.”

Paul Biya
President of the Republic of Cameroon
“The government of the Republic of Cameroon is committed, through its Energy Compact, to a determined transition towards renewable energies, promoting inclusive universal access and sustainable development based on partnerships and ambitious reforms to build a low-carbon future.”

Mission 300 is more than a target—it is forging enduring reforms that slash costs, strengthen utilities, and draw in private investment

Azali Assoumani
President of the Union of the Comoros
“The Comoros Energy Compact is a call for collective action to achieve universal access to electricity by 2030, in order to ensure the country’s emergence in dignity, equity, and shared progress.”

Denis Sassou Nguesso
President of the Republic of Congo
“In addition to abundant sunlight and gas resources capable of generating more electricity, the Republic of Congo has a certified hydroelectric potential of nearly 27,000 MW and more than 100,000 MW currently under study. The Energy Compact will enable Congo to achieve universal access to electricity, supply industries in special economic and mining zones, and export surplus energy to other countries. Harnessing this renewable and sustainable energy will cover more than one-third of Africa’s electricity needs. Since Congo has liberalized the electricity sector, investors are invited, within the framework of Mission 300, to establish themselves and engage in profitable and sustainable business.”

Taye Atske Selassie
President of Ethiopia
“Our National Energy Compact exemplifies Ethiopia’s unwavering dedication to ensuring universal, affordable, and sustainable energy access for all. By unlocking our vast renewable resources, strengthening regional interconnections, we aim to foster inclusive growth domestically and propel Africa’s collective momentum toward ending energy poverty. Together, we are committed to building a resilient, equitable, and sustainable energy future for generations to come.”

Adama Barrow
President of The Republic of The Gambia
“The Gambia’s Energy Compact reaffirms our commitment to universal electricity access by 2030, scaling renewables, strengthening infrastructure, integrating the private sector and improving sector governance. Through partnerships, it aims to transform power supply – ensuring reliability, affordability, and sustainability for all citizens.”

John Dramani Mahama
President of the Republic of Ghana
“Ghana believes universal energy access is key to empowering businesses, reducing poverty, and creating equal opportunities. This goal can only be achieved through strong government–private sector partnerships, supported by an enabling environment for sustainable investment.”

Mamadi Doumbouya
President of the Republic of Guinea
“The Republic of Guinea reaffirms its commitment to guaranteeing, by 2030, universal access to reliable, clean, and affordable electricity, while providing sufficient capacity to support national industrialization, particularly in the mining sector, through a transparent and constructive partnership with the private sector.”

William Ruto
President of the Republic of Kenya
“Energy is a key enabler under the infrastructure component of Kenya’s Bottom-Up Economic Transformation Agenda. The Energy Compact anchors our commitment to achieve universal access to electricity and clean cooking and transition our grid to full reliance on clean energy by 2030.”

Sam Matekane
Prime Minister of the Kingdom of Lesotho
“Mountain winds blow, waters flow, the sun shines brightest – Lesotho, the kingdom in the sky. Universal access to renewable energy is our proud imperative. Experience elevation with agility and scale. Be part of our journey and pride. Invest in Lesotho.”

Daniel Chapo
President of Mozambique
“Mozambique is on track to achieve Mission 300 targets and consolidate our role as a regional powerhouse through export of our abundant, affordable and clean energy. We welcome support from partners to achieve universal access, promote economic growth and green industrialization, and increase regional trade and integration.”

Julius Maada Bio
President of Sierra Leone
“Our M300 Compact is the most ambitious and comprehensive energy infrastructure initiative ever developed for Sierra Leone. Powered by evidence-based solutions and data, this single plan for Sierra Leone’s energy transformation holds the greatest promise for unlocking sustainable and inclusive development for our people.”

Faure Essozimna Gnassingbé
President of the Togolese Republic
“We guarantee reliable, affordable and clean electricity for all, and access to clean cooking. This Compact massively mobilizes the private sector to accelerate our industrialization and make Togo a competitive energy hub.”

Américo d’Oliveira dos Ramos
Prime Minister, São Tomé and Principe
“Our Compact provides a forward-thinking framework to fuel a sustainable and inclusive model of economic growth for Saotomeans. We are enacting strong reforms and developing innovative business models to raise US$190 million from the private sector to finance this objective.”

Edouard Bizimana
Minister of Foreign Affairs, Burundi
“The Republic of Burundi has set ambitious targets for access to electricity and clean cooking to improve the economic and social development of its population. Private sector participation is crucial to achieving these goals.”

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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August 10, 2026

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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2 hours ago

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August 10, 2026

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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3 days ago

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August 7, 2026

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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