Powering Africa, $50 billion commitment to expand energy access by 2030

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Luanda, Angola – At the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, thirty African Heads of State committed to concrete reforms aimed at expanding access to reliable, affordable, and sustainable electricity.

AfricaHeadline Reports Team
editorial@africaheadline.com 

The summit resulted in the Dar es Salaam Energy Declaration, which will be presented to the African Union in February for adoption.

Backed by over $50 billion from global partners, the initiative aims to connect 300 million Africans to electricity by 2030, addressing the continent’s severe energy deficit, which leaves more than 600 million people without power.

Twelve African nations—including Nigeria, Senegal, Madagascar, and Zambia—unveiled National Energy Compactsoutlining strategies to scale up electrification, increase renewable energy adoption, and attract private investments.

These country-specific plans, backed by data and endorsed at the highest levels, focus on improving utility efficiency, expanding regional integration, and deploying satellite and electronic mapping technology to deliver cost-effective energy solutions to underserved communities.

The summit received strong financial commitments from institutions including the African Development Bank, World Bank, and OPEC Fund, which pledged billions to support the initiative.

Additionally, the summit saw the launch of Zafiri, an investment company that aims to mobilize up to $1 billion for renewable energy projects across Africa.

Tanzanian President Samia Suluhu Hassan emphasized that the summit marked a pivotal step in fulfilling leaders’ promises to provide energy access, improve livelihoods, and drive economic transformation across the continent.