Development Banks Have $56-Billion Plan to Boost Africa’s Access to Electricity

International lenders and partners this week committed another $8 billion in financing to a $48-billion project by the World Bank and African Development Bank to connect 300 million Africans to electricity by 2030. African Development Bank Group and the World Bank Group plan to allocate $48 billion in financing for Mission 300, which may evolve to fit implementation needs, African Development Bank said at the end of a summit on the so-called Mission 300, an initiative to connect 300 million people to electricity in Sub-Saharan Africa by 2030. In…