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AIIB and IsDB pledge around $6 billion for Africa electrification push

  • The Africa Energy Summit aims to deliver electricity to 300 million Africans by 2030, as stated by the World Bank Group and the African Development Bank Group.
  • Mission 300, launched in April 2024, addresses the energy gap affecting nearly 600 million Africans without power.
  • The summit will result in the Dar es Salaam Energy Declaration, committing African governments to fast-track energy access and promote renewable energy.
  • The World Bank plans to spend $30-40 billion on the initiative, with the African Development Bank contributing $10-15 billion.
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Bias Distribution

  • 38% of the sources are Center, 38% of the sources lean Right
38% Right
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