The World Bank plans to provide electricity to 300 million Africans in partnership with the African Development Bank, under an ambitious project that will halve the number of people living without electricity on the continent by 2030.
The World Bank stated that it will work on providing electricity to 250 million people, while the African Development Bank will support an additional 50 million people, according to Bloomberg News Agency today, Wednesday.
Ajay Banga, President of the World Bank, mentioned in a speech on Wednesday that the cost of the plan will be $35 million, some of which will come from the International Development Association, the World Bank's arm to assist the poorest countries on concessional terms.
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