Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity


Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development Bank (AfDB), as part of the broader regional initiative known as Mission 300. Mission 300 is a program launched by the World Bank Group and the AfDB in April 2024. It aims to connect 300 million people across Sub-Saharan Africa to electricity by 2030. The initiative responds to a critical energy access gap on the continent, where nearly 600 million people currently live without electricity, representing about 83pc of the global unelectrified population. MoWE recently organized a consultative meeting to review and discuss the draft of the Energy Compact. The discussion included a technical team consisting of representatives from the Ministry of Finance, Ethiopian Electric Power, Ethiopian Electric Utility, and the Oil & Energy Authority. During the session, Gosaye Mengiste, energy sector advisor at MoWE, presented the draft compact. He explained that the strategy is built around five strategic focus areas, such as universal access to electricity and clean cooking solutions, expansion of clean energy infrastructure and transition to renewable energy, regional power connectivity, financial sustainability and operational efficiency, and private sector participation and institutional strengthening.

[ssba-buttons]

Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...