Africa to Secure $40bn in Power Finance as World Bank Sets Ambitious Terms
2025-01-17
Moneyweb
The World Bank has rolled out a program aimed at making investing in renewable energy across sub-Saharan Africa more profitable, with the goal of securing $40 billion in power finance. By setting attractive terms, the initiative expects to win support from private sector developers, financial institutions, sovereign wealth funds, and philanthropies, driving growth in the region's energy sector and promoting sustainable development. With a focus on renewable energy, the program is set to boost Africa's economy and reduce carbon emissions, making it an attractive opportunity for investors. Key players in the energy industry are expected to take notice, as the program offers a unique chance to contribute to Africa's energy future.
