Leaders from over half of Africa's nations, along with major global financial institutions, convened in Dar es Salaam to initiate a historic $35 billion investment aimed at addressing the continent's electricity access crisis. The initiative is particularly focused on deploying solar minigrids in rural communities. However, despite the ambitious goal to electrify 300 million people in six years, experts express skepticism due to past challenges in the power sector, especially observed in Tanzania. World Bank president Ajay Banga stresses the foundational role electricity plays in economic and societal development.
The promise made at the summit aims to electrify half of Africa's 600 million people lacking electricity in six years, averaging five million monthly.
Ajay Banga emphasized that without electricity, societal issues like jobs and health care suffer, making electrification crucial for development and stability.
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