Rockefeller Foundation Invests US$15.9 Million to Expand Electricity Access at Mission 300 Africa Energy Summit

• Announces new funding to Zafiri, the World Bank Group's flagship investment company for distributed renewable energy investments; ODI to launch a new Mission 300 Fellowship Program; and SEforALL to accelerate implementation of Mission 300
• Builds upon USS10 million for energy access projects in dozens of sub-Saharan countries through Mission 300 TA Accelerator with GEAPP 

DAR ES SALAAM, Tanzania, Jan. 28, 2025 -- During the Mission 300 Africa Energy Summit, The Rockefeller Foundation announced an additional US$15.9 million to support the African Development Bank Group's (AfDB) and the World Bank Group's ambitious goal of providing access to electricity to 300 million Africans by 2030. As part of the landmark gathering — hosted by the United Republic of Tanzania, African Union, AfDB, and World Bank Group — The Rockefeller Foundation intends to invest US$10 million into "Zafiri," the World Bank Group's new distributed renewable energy (DRE) investment company. With funding from The Rockefeller Foundation, RF Catalytic Capital (RFCC) is also expecting to provide up to US$2.5 million in grant funding to ODI Global Washington to develop a new fellowship program that will help African governments meet their Mission 300 commitments and US$3.4 million to Sustainable Energy for All (SEforALL) to monitor progress, implement programs across the continent, and develop new local currency financing tools.