Eastern Africa Set to Gain More Reliable, Affordable Power with World Bank Group Support

https://www.worldbank.org/en/news/press-release/2026/06/18/-eastern-africa-set-to-gain-more-reliable-affordable-power-with-world-bank-group-support First phase will support the Uganda-Tanzania interconnector and strengthen regional institutions, advancing Mission 300 WASHINGTON, June 18, 2026 — Eastern Africa stands to gain more affordable, reliable, and cleaner electricity as countries strengthen cross-border power trade and regional energy cooperation. To help deliver this transformation, the World Bank Group Board has approved a $1.6 billion financing package for the Regional Energy Transmission, Trade & Decarbonization program for Eastern Africa (RETRADE-EA), a 10-year initiative to accelerate regional power integration, expand energy access, and unlock economic opportunity.