In his speech at the Mission 300 Africa Energy Summit on January 28, 2025, World Bank Group President Ajay Banga addressed the critical challenge of providing electricity to 300 million of the 600 million people in Africa who currently lack access. This initiative is seen as a foundational step for job creation and future development, especially considering the projected influx of 360 million young people into the workforce over the next decade, with only 150 million job opportunities available. Banga emphasized the necessity of collaboration among governments, businesses, philanthropies, and development banks to achieve this goal.