By Deborah Olaoluwa
Ethiopia has been officially admitted to the Mission 300 Compact, a flagship initiative designed to accelerate electricity access across Africa. The recognition, which highlights Ethiopia’s progress in energy sector reforms, marks a significant milestone in the country’s clean energy transformation, the Office of the President announced today.
The confirmation came following high-level discussions in New York between FDRE President Taye Atske-Selassie, World Bank Group President Ajay Banga, and senior leadership of the World Bank and African Development Bank (AfDB), held on the sidelines of the 80th UN General Assembly.
Spearheaded by the AfDB, the World Bank Group, and other global partners, Mission 300 seeks to mobilise USD 50 billion to provide electricity access to 300 million Africans by 2030.
Ethiopia had formally requested to benefit from the Compact during the Mission 300 Energy Summit in January, pledging to develop a National Compact strategy with clear implementation timelines.
With its admission now confirmed, Ethiopia will utilise the Energy Compact to tap into its vast renewable energy potential and enhance regional power interconnections.
It was emphasised that this achievement reinforces Ethiopia’s leadership role in Africa’s clean energy transformation while advancing the continent’s collective efforts to eradicate energy poverty and promote inclusive access to electricity.
