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Tanzania, Rwanda, and Somalia are among four countries selected as pilots of a new World Bank clean energy program that is set to benefit at least 100 million people in Sub-Saharan Africa by 2030
Tanzania, Rwanda, and Somalia are among four countries selected as pilots of a new World Bank clean energy program that is set to benefit at least 100 million people in Sub-Saharan Africa by 2030.
Sao Tome and Principe will also take part in the rollout of the Accelerating Sustainable and Clean Energy Access Transformation (Ascent) program, which will be expanded to 20 countries in the region over the next seven years.
World Bank Group President Ajay Banga announced the US$15 billion project during the International Development Association’s (IDA) mid-term review meeting of its 20th financing round in Zanzibar.
According to Banga, at least US $5 billion of the funding requirement will be covered by IDA and the remaining will be from partners.
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The Bank describes the Ascent program as a game-changer in a region where only 48 percent of the overall population and just 26 percent in rural areas have access to electricity. The Ascent program was designed to speed up efforts to achieve the clean energy transition on a global scale by pooling global and local knowledge with a “menu-based” approach to empowering selected countries to pursue energy access goals.
