The Global Energy Alliance for People and Planet (GEAPP) pledged $16 million on September 23 to support Mission 300, which aims to provide electricity to 300 million Africans by 2030.
GEAPP plans to invest $7.5 billion over the next five years in clean energy deployment, combining philanthropic and public funding to attract private capital.
The International Energy Agency (IEA) estimates developing countries outside China must scale clean energy investments sixfold to reach $1.6 trillion annually by the early 2030s.
The Global Energy Alliance for People and Planet (GEAPP) announced on September 23 a $16 million contribution to accelerate energy access and clean energy deployment in Africa. The organization said the funds will bolster Mission 300, a joint initiative led by the World Bank and the African Development Bank to provide electricity to 300 million Africans by 2030.
GEAPP added that it plans to invest $7.5 billion over the next five years to expand clean energy solutions across the continent.
The contribution forms part of a wider collective drive. GEAPP, created in 2021 by the IKEA Foundation, the Rockefeller Foundation and the Bezos Earth Fund, operates in more than 30 countries. It combines philanthropic and public financing to leverage development banks and private investors.
The alliance said such contributions aim to provide coherence and visibility to global efforts, showing that modest funding can create significant impact when aligned with large-scale strategies.
Despite growing mobilization, Africa’s energy needs remain vast. The International Energy Agency estimated in 2024 that developing countries outside China must multiply clean energy investments sixfold to reach $1.6 trillion annually by the early 2030s to meet climate commitments.
In this context, contributions like GEAPP’s are critical, particularly when they integrate into collective initiatives that pool resources and align objectives. The trajectory of Africa’s electricity access will depend in part on the convergence of such efforts.
This article was initially published in French by Abdoullah Diop
Adapted in English by Ange Jason Quenum
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Nigeria approves upgrade of VHF radio systems at major airports Project includes new biometric portals, scanners, and passenger guidance...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agriculture, and energy projects in member states Key decisions...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency, even as the continent continues to face the ongoing...
Chocolate giants linked to deforestation via indirect cocoa sourcing in Liberia Global Witness says opaque supply chains mask origin of uncertified...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...