Remarks by World Bank Group President Ajay Banga at the Mission 300 Africa Energy Summit

Overview & Synopsis

This report discusses the remarks delivered by Ajay Banga, President of the World Bank, at the Mission 300 Africa Energy Summit on January 28, 2025. He highlighted Africa’s looming employment crisis, with 360 million youth entering a workforce offering only 150 million jobs. HE said that electrification for 300 million people is key to unlocking opportunity. He insisted that Governments must lead reforms, supported by development banks and philanthropies. He suggested that the private sector’s innovation and investment are vital. He emphasized that Mission 300 is central to a broader energy strategy powering industries and job creation. He concluded by saying that success demands collaboration, persistence, and vision - moving forward together to achieve inclusive growth.