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

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...


Radar

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...


Radar

Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...