
Energy and Mission 300
The World Bank Group is partnering with the African Development Bank and other partners on Mission 300, an ambitious initiative to connect 300 million people to electricity in Sub-Saharan Africa by 2030.
Guarantees from the WBG Guarantee Platform, housed at MIGA, guarantees are well-suited to mitigate the risks associated with investing in electricity projects in emerging markets, including in countries with a history of fragility and conflict. These guarantees, covering both new investments and project expansions, help to ensure that investors are able to operate in a stable and predictable environment. The Platform’s de-risking instruments also provide investors with additional benefits, given the WBG's capacity to intervene and play an honest broker role in case of disputes or claims.
In particular, MIGA has supported projects across the electricity value chain, including household connections, C&I and grid-edge innovations, renewable energy IPPs, and transmission and distribution.
EXAMPLES OF MIGA-SUPPORTED PROJECTS IN ENERGY IN AFRICA