The African Development Bank Group’s Sustainable Energy Fund for Africa (SEFA), a multi-donor special fund managed by the Bank Group, has secured new investment commitments totalling nearly EUR 50 million, to strengthen the rollout of Mission 300 and accelerate climate action across Africa’s power sector.

The commitments, made by the governments of Germany and Italy, were announced at a COP30 side event held at the Africa Pavilion on 14 November. Germany committed EUR 14 million to support SEFA’s universal energy access goal, and EUR 30 million for the new SEFA green hydrogen programme, reflecting the strategic importance of this emerging sector for Africa’s decarbonisation and industrial development. Italy also announced a new contribution of five million euros to the fund.

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