Power Markets
AIIB and IsDB pledge around $6 billion for Africa electrification push
The Islamic Development Bank and the Asia Facilities Financial Investment Bank vowed as much as $6.15 billion in financing on Tuesday for an effort to link 300 million Africans to electrical energy in the next 6 years. Mission 300, launched by the World Bank and the African Advancement Bank in April, is predicted to cost $90 billion - with funding from multilateral advancement banks, development firms, private companies and philanthropies, according to the Rockefeller Structure, which belongs to the initiative. Muhammad al Jasser, chairman of the IsDb, stated in a. declaration launched throughout a top of African presidents in. Tanzania...