Mission 300 Private Sector Consultation - 4 June 2025 | London, United Kingdom - Opening Statement by Dr. Akinwumi A. Adesina President and Chairman of the Boards of Directors African Development Bank Group
ContextOpening statement at a private sector consultation in London on Mission 300, the plan to connect 300 million Africans to electricity; the African Development Bank finances Africa's development and needs private capital.
Why it mattersUtility losses and closed grids are named as the main obstacles keeping private capital out of African power.
Problems raised
Millions of Africans lack electricity.
Utilities have large losses.
Private investment in power is limited.
Solutions proposed
Pursue Mission 300 for energy access.
Improve utility performance.
Open power generation and grids to private investors.
