Sierra Leone’s Energy Transformation to Benefit from a $50 billion initiative aimed at electrifying 300 million Africans by 2030
Sierra Leone has qualified to benefit from a $50 billion initiative aimed at electrifying 300 million Africans by 2030 following President Julius Maada Bio’s participation at the Africa Energy Summit in Dar es Salaam. This milestone underscores Sierra Leone’s commitment to achieving UN Sustainable Development Goal 7 and fostering sustainable, inclusive growth that improves the lives of its citizens.
Sierra Leone’s inclusion in the second cohort of the Mission 300 initiative is a recognition of its significant progress in energy transformation under President Julius Maada Bio’s leadership. The country’s achievements include the implementation of comprehensive energy sector reforms, the ambitious target of deploying 200 mini-grids as part of its Rural Electrification Drive, and the development of its Just Energy Transition and Green Growth Plan.
See Full Text of Press Release below;
Dar es Salaam, Tanzania, Tuesday, 28 January 2025 – Sierra Leone has reached a significant milestone under the dynamic leadership of His Excellency President Julius Maada Bio, as the country is set to be included in the second cohort of beneficiaries of the Mission 300 initiative. This groundbreaking programme, spearheaded by the African Development Bank (AfDB), the World Bank Group (WBG), and global partners, aims to electrify 300 million people across Africa by 2030.
During the inaugural Africa Heads of State Energy Summit in Dar es Salaam, President Bio joined several heads of state and government, global leaders, private sector, and development partners to chart Africa’s course toward universal access to energy. The Summit secured USD 48 billion from the African Development Bank and the World Bank plus an additional USD 5 billion in new funding pledges, bringing the total for Mission 300 to over $50 billion over six years.
As a member of the second cohort of Mission 300 countries, Sierra Leone has officially endorsed the Dar es Salaam Energy Compact Declaration, reaffirming its commitment to define country-specific targets and timelines. This commitment aligns with Sierra Leone’s National Development Plan and the global ambition to achieve UN Sustainable Development Goal 7 – ensuring affordable, reliable, and sustainable energy for all.
In the first cohort, 12 countries presented their National Energy Compacts: Chad, Côte d’Ivoire, the Democratic Republic of Congo, Liberia, Madagascar, Malawi, Mauritania, Niger, Nigeria, Senegal, Tanzania, and Zambia. The Government is pleased to note that Raj Shah, President of the Rockefeller Foundation, has pledged to assist Sierra Leone in developing its National Energy Compact.
Sierra Leone’s qualification was based on the country’s remarkable progress in transforming the energy sector under the leadership of President Bio. This progress has been underpinned by Sierra Leone’s Just Energy Transition and Green Growth Plan, Government’s ambitious target to deploy 200 mini-grids as part of Rural Electrification Drive and the comprehensive energy sector reforms.
Sierra Leone stands ready to harness the opportunities presented by Mission 300 to deliver transformative energy solutions for its citizens and contribute to Africa’s prosperity.
For More Enquiries: State House Media and Communications Unit Email: info@statehouse.gov.sl
Anthony Kamara Email: akkamara@statehouse.gov.sl
Leone stands ready to harness the opportunities presented by Mission 300 to deliver transformative energy solutions for its citizens and contribute to Africa’s prosperity.