Mission 300 Private Sector Council

The World Bank Group, the African Development Bank, and The Rockefeller Foundation launched a new Mission 300 Private Sector Council to mobilize the billions in private investment needed to connect 300 million Africans to electricity by 2030 —while unlocking job creation across the continent.

Fourteen leaders from diverse sectors will help drive strategies to crowd in capital and deal-making capability, maximize economic transformation, and scale up catalytic finance platforms—especially for local currency—to accelerate commercial investment that supports both energy access and employment. Nearly 600 million people in Africa lack access to electricity. Closing the gap will require unprecedented scale, speed, and investment— with increased engagement from the private sector. IFC and MIGA, members of the World Bank Group, have committed $5 billion in support of private sector investment under Mission 300 by 2030.

Full press release →

RFCC Role: The Rockefeller Foundation’s public charity, RF Catalytic Capital (RFCC), hosts the secretariat for the council, which meets quarterly.  

Initiative Impact:

Nearly 600 million people in Africa, about half the population, lack access to electricity. Closing the gap will require unprecedented scale, speed, and investment from governments, development partners, and the private sector. Such partnerships are at the core of Mission 300, with partners committing over $55 billion in development finance and grants to support energy access. IFC and MIGA, members of the World Bank Group, have committed $5 billion in support of private sector investment under Mission 300 by 2030.