Advancing Africa’s mining & power infrastructure

The World Bank Group, in collaboration with the African Development Bank and other key stakeholders, has unveiled Mission 300, an ambitious initiative aimed at providing electricity to 300 million people in Sub-Saharan Africa by the year 2030. This groundbreaking program was announced in Tanzania, with the participation of 26 heads of state, signaling a united commitment towards electrifying the continent. Demetrios Papathanasiou, the Global Director of the World Bank, emphasized the crucial link between electrification and mining infrastructure, highlighting the potential for synergy and mutual reinforcement between the two sectors. The initiative was discussed in detail at the 31st Investing in African Mining Indaba in Cape Town, where the World Bank showcased strategies to expedite investment decisions in mining and enhance value addition for metals and minerals across Africa. The conference witnessed a record number of attendees, underscoring the growing interest and opportunities in the mining sector. Papathanasiou expressed optimism about the prospects for collaboration with governments and the private sector to drive sustainable development in Africa's mining industry. One of the key pillars of Mission 300 is the significant infrastructure investment required to achieve widespread electrification. The plan entails allocating an estimated 40 to 50 billion dollars annually until 2030, with a primary focus on enhancing the power sector's transparency, competition, and financial sustainability. By fostering private investment and promoting policy reforms in the electricity utilities, the initiative aims to create a conducive environment for infrastructure development and ensure the effective utilization of resources such as copper, a critical component in the electrification process. The program's comprehensive approach, supported by the commitment of various stakeholders, including bilateral partners and the African Development Bank, sets a solid foundation for achieving the electrification target and driving economic growth in Africa. In addition to addressing the infrastructure challenges, the World Bank is actively promoting sustainable and responsible mining practices in the region. Through its environmental and social framework guidelines, the organization advocates for inclusive development that prioritizes community consultation, environmental protection, and transparent revenue sharing. By engaging with local communities and ensuring fair distribution of benefits, the World Bank aims to mitigate the negative impacts of mining activities and build a resilient and equitable mining ecosystem. This commitment to responsible mining not only safeguards the environment and community welfare but also enhances the overall perception of the mining industry, fostering trust and long-term sustainability. The intersection of electrification and mining represents a pivotal opportunity for Africa to catalyze economic growth, create employment opportunities, and drive sustainable development. By aligning strategic initiatives such as Mission 300 with responsible mining practices, the World Bank and its partners are poised to transform the mining landscape in Africa and unlock its full potential for the benefit of local communities and the continent at large.