
Mauritania Secures World Bank Support for Energy, Mining Initiative
The initiative will help Mauritania reduce pollution and improve governance across the critical mineral mining sector.
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The initiative will help Mauritania reduce pollution and improve governance across the critical mineral mining sector.
The project will provide power to 200,000 people, aligning with national goals to achieve universal access to electricity by 2030.
In line with its commitment to driving sustainable growth in Africa’s extractive industry, international finance institution the World Bank is participating in this year’s Critical Minerals Africa (CMA) 2024 Summit.
Connecting the Zambian and DRC copperbelts with international markets via the Port of Lobito, the Lobito Corridor serves as a blueprint for cross-border infrastructure in African mining.
The funds will be used to extend electrification to an additional 300 million Africans over five years.
The World Bank has approved $45 million in funding to support Liberia’s Renewable Energy Solar Power Intervention Project
The World Bank has approved $260 million in funding to support energy market reforms and access to clean cooking solutions in Ghana.
A World Bank report emphasizes that well-managed and well-regulated electric utilities in developing countries are essential to meet rising power demand and integrate more renewable energy into the grid.
The World Bank funding will help Nigeria to diversify its revenue streams.
The World Bank will support the development of the first solar power plants in Guinea-Bissau with a $35 million grant.