More than 300mn people in Africa could have access to electricity by 2030, as a result of a new initiative announced by the World Bank and the African Development Bank. But achieving that target will require more than $30bn of public sector investment, of which IDA, the World Bank’s concession arm for low-income countries, will be critical, as well as policies to drive private-sector investment.
The multilateral development banks made the announcement on Wednesday during the IMF and World Bank’s spring meetings, taking place this week in Washington DC.
