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World Bank and AfDB outline $40bn power finance terms for Africa

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The World Bank and African Development Bank have announced terms for African countries to secure $ 40bn in power finance under the Mission 300 programme.

The initiative aims to provide electricity to 300 million Africans by 2030 .

The goal is to connect half of the continent’s population through national grid-linked power projects.

The programme pledges $30bn in finance from the banks, with an additional $10bn expected from private institutions.