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

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9 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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Africa Launches the First Pan-African Pact for Insurance Inclusion

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10 hours ago

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June 23, 2026

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Africa

400 decision-makers gathered in Cotonou to accelerate access to insurance and contribute to doubling insurance penetration by 2040

DAKAR, Senegal, June 23, 2026/APO Group/ –Faced with a major paradox representing nearly 19% of the world’s population while accounting for less than 1% of global insurance premiums African insurance stakeholders are mobilizing.

 

From July 6 to 8, 2026, the Federation of African National Insurance Companies (FANAF) will organize the General Assembly on Insurance for All at the Sofitel Hotel in Cotonou, Benin, a major pan-African gathering dedicated to inclusive insurance.

The event will bring together nearly 400 African decision-makers from governments, regulatory and supervisory authorities, insurance and reinsurance companies, financial institutions, development banks, technical and financial partners, as well as professional organizations from across the continent.

The ambition is clear: to foster a shared vision and concrete commitments aimed at accelerating access to insurance for African populations while strengthening the sector’s contribution to the continent’s economic and social development priorities.

The discussions will culminate in the adoption of the Pan-African Pact for Insurance Inclusion and a 2026–2030 Strategic Action Plan, designed to structure collective action around an ambitious objective: contributing to the doubling of insurance penetration across the FANAF region by 2040.

An Economic, Social and Development Imperative

Within the CIMA zone, insurance penetration remains below 1% of GDP, compared to more than 6% globally.

As a result, millions of households, farmers, entrepreneurs, SMEs and informal sector actors remain deprived of essential protection mechanisms against health, climate, economic and social risks.

For FANAF, this reality now constitutes a major development challenge.

Africa cannot build sustainable growth without strengthening protection mechanisms for its populations, businesses and investments

“Africa cannot build sustainable growth without strengthening protection mechanisms for its populations, businesses and investments. The Cotonou General Assembly must mark the starting point of a new continental ambition for African insurance and its role in the continent’s economic transformation,” said Mamadou Koné, President of FANAF.

Beyond Insurance: A Driver of Continental Transformation

For FANAF, insurance is no longer merely a risk coverage mechanism. It is also a strategic lever for economic resilience, savings mobilization, investment security, SME financing, support for climate transitions and the strengthening of financial inclusion.

Through this General Assembly, FANAF seeks to reposition insurance as a key stakeholder in Africa’s economic, social and financial transformation.

A Pact to Accelerate Action

The conclusions of the General Assembly will lead to the adoption of the Pan-African Pact for Insurance Inclusion, a reference framework intended to mobilize governments, regulators, market players, financial institutions and development partners around shared objectives.

The Pact will be accompanied by a 2026–2030 Strategic Action Plan defining priority intervention areas, coordination mechanisms and monitoring arrangements for the commitments undertaken.

A broad mobilization of public, private and financial partners will support its implementation in order to translate commitments into tangible results for African populations and economies.

Cotonou 2026: Building a Shared Vision

Beyond the insurance sector, the General Assembly aims to create an unprecedented platform for dialogue between governments, regulators, investors, financial institutions, technical partners and market actors in order to identify the levers needed to accelerate insurance inclusion across the continent.

Holding this event in Benin reflects the country’s broader economic and financial transformation momentum and illustrates the collective determination of African stakeholders to develop solutions tailored to the continent’s realities.

Through this initiative, FANAF intends to make Cotonou 2026 a defining moment for the future of African insurance and the starting point of a lasting continental mobilization in favor of insurance inclusion.

Distributed by APO Group on behalf of Fédération des Sociétés d’Assurances de Droit National Africaines (FANAF).

 

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Flat6Labs and International Finance Corporation (IFC) Launch StartAlgeria, a Capacity-Building Program Designed to Empower the Organizations Progressing Algeria’s Startup Ecosystem

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10 hours ago

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June 23, 2026

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Flat6Labs

StartAlgeria comes at a key moment for Algeria’s entrepreneurship landscape, shifting the focus toward improving how the ESOs operate by providing them with international best practices

ALGIERS, Algeria, June 23, 2026/APO Group/ –Flat6Labs (www.Flat6Labs.com) and IFC in collaboration with the Ministry of Knowledge Economy, Startups and Micro-Enterprises are launching StartAlgeria, a capacity-building program that puts Entrepreneur Support Organizations (ESOs) at the forefront of Algeria’s ecosystem future. The program is designed to equip Algerian ESOs reinforcing pre-seed and seed-stage startups with the expertise, frameworks, and networks needed to contribute to a stronger, more competitive entrepreneurship ecosystem in Algeria and expand into global markets.

 

StartAlgeria comes at a key moment for Algeria’s entrepreneurship landscape, shifting the focus toward improving how the ESOs operate by providing them with international best practices adapted to each organization’s needs, a community-driven approach that focuses on peer learning, and facilitating connections with investors, policymakers, and key stakeholders.

Algeria’s entrepreneurial community is among the most dynamic and vibrant in the region, and the potential is not just real, it is ready to scale

StartAlgeria will pilot a first cohort focusing on incubators in the capital, Algiers. Following a call for application, the selected ESOs will go through a structured program comprising workshops and masterclasses covering key areas such as startup selection, program design and delivery, and investment readiness. In addition to the core program, participating ESOs will benefit from 6months of post-program mentorship, focusing on areas such as fundraising strategy, partnership development, financial sustainability, and program improvement. This sustained engagement’s goal is to provide a lasting impact in how Algerian ESOs operate and what they’re able to offer the startups they champion.

Yehia Houry, CEO of Flat6Labs, shares “Algeria’s startup ecosystem is demonstrating remarkable potential and a rapidly growing level of maturity, driven by an ambitious new generation of founders, increasing institutional support, and a strong national commitment to innovation and entrepreneurship. The opportunity today lies in further empowering entrepreneurship support organizations to match this momentum by strengthening their ability to identify and nurture high-potential startups, deliver impactful and results-driven programs, and create stronger connections between entrepreneurs and sources of capital. With the right support structures in place, Algeria is well positioned to become one of the leading innovation hubs in the region.”

“Algeria’s entrepreneurial community is among the most dynamic and vibrant in the region, and the potential is not just real, it is ready to scale. Through StartAlgeria, we are committed to ensuring that the organizations standing behind founders are equipped with the tools, frameworks, and expertise to take them from early ideas to investment-ready ventures. This program is a direct expression of IFC’s long-term confidence in Algeria’s private sector and in the ecosystem’s capacity to produce the next generation of high-impact companies.” underscored Cemile Hacibeyoglu Ceren, WBG Resident Representative in Algeria.

“The launch of StartAlgeria marks an important step in reinforcing Algeria’s startup support ecosystem. By strengthening the capabilities of Entrepreneur Support Organizations, we are investing in the long-term growth, resilience, and international competitiveness of Algerian startups. This initiative reflects our shared ambition to build a dynamic innovation-driven economy and create new opportunities for entrepreneurs across the country,” said H.E Mr. Noureddine Ouadah, Minister of Knowledge Economy, Startups and Micro-Enterprises.

This IFC program is implemented in partnership with the Government of the Netherlands.

Distributed by APO Group on behalf of Flat6Labs.

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Hong Kong unlocks new opportunities with Central Asia

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11 hours ago

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June 23, 2026

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 23 June 2026 – Led by Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, a high-level delegation visit to Kazakhstan and Uzbekistan (May 31 – June 5) is already paying dividends, forging fresh opportunities to deepen ties between Central Asia, Hong Kong and the Chinese Mainland.

The business delegation comprised over 70 representatives from Hong Kong and Mainland enterprises of various sectors.

During the visit, 96 bilateral memoranda of understanding and agreements were reached, including a total of 15 co-operation documents at the government level between Kazakhstan and Uzbekistan respectively.

“The examples of agreements and co-operation are just so abundant that they range from the service sector to heavy industries such as mining and infrastructure development,” Mr Lee said. “I think the sky is the limit.”

The multiple outcomes achieved during the trip demonstrate Hong Kong’s role as a functional platform for the Belt and Road (B&R) Initiative, as the city actively plays its roles as a “super connector” and “super value-adder” to promote broader and deeper co-operation between the two places and establish a hub-to-hub co-operation model.

“Kazakhstan is an important commercial and logistics hub connecting China and Europe. It is also the place where the Belt and Road Initiative was first proposed, and is Hong Kong’s largest trading partner in Central Asia. There are broad prospects for further co-operation,” Mr Lee said, adding that a lot of B&R projects are also being pursued in Uzbekistan.

“For example, Uzbekistan sits in the heart of the corridor of Asia and Europe, so logistical development, railway development, and also how we can complement and supplement each other in cargo handling will be an area for a very wide range of co-operation.”

The Chief Executive also encouraged companies in Central Asia to leverage Hong Kong’s advantages under the “one country, two systems” principle.

“Under this unique principle, Hong Kong has its own economic, social, legal, legislative and judicial systems. We are the only common law jurisdiction in China. We have our own currency, with no capital or foreign exchange controls. We are, as well, a separate customs territory,” Mr Lee said.

Building on the positive outcomes from the delegation’s mission to Central Asia, Mr Lee welcomed the Deputy Prime Minister of Kazakhstan, Kanat Bozumbayev, to Hong Kong (June 10) and they both attended the Alatau City Investment Round Table (June 11).

Speaking at the event, Mr Lee said Hong Kong could contribute to the future success of Kazakhstan’s innovative, high-tech Alatau City in three concrete ways: as a gateway to global capital; a gateway to the Chinese Mainland and the Greater Bay Area; and as a partner in talent and technology.

“We share a development vision with Alatau City and Kazakhstan,” Mr Lee said, “Today, right here, right now, is a golden opportunity to bring our two economies closer together.”

He looked forward to Hong Kong and Kazakhstan achieving complementary advantages and co-ordinated development across different sectors and welcomed enterprises in Kazakhstan to make good use of Hong Kong’s premier financial and innovation and technology platforms, as well as its world-leading professional services, to explore more business opportunities.

 

 

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