World Bank sets terms for Africa to win $40bn in power finance

The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the continent’s electricity crisis. The two multilateral lenders are backing a program called Mission 300 that aims to bring electricity to 300-million Africans by 2030 with a pledge of $30-billion in finance, on top of which they expect $10-billion from private institutions.