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More than 90% of the world has access to electricity. While that number is impressive – it has grown from 84% in 2010 – it also means that 685 million people still live without electricity. Most of these people, about 80% of them, are in Sub-Saharan Africa.
The World Bank has sought to improve distributed renewable energy (DRE) and clean cooking private sector projects in select African countries
Eastern and Southern African Trade and Development Bank (TDB) and the World Bank to Accelerate Access to Sustainable and Clean Energy in Africa
The World Bank extends close to USD 300 million to TDB to support distributed renewable energy and clean cooking private sector projects in the region served by TDB
The project will be expanded to 20 countries in the region over the next seven years.