COTE D'IVOIRE - M300 – Financing of Phase II Electricity for All Programme (PEPT)-TRANCHE B

The Project entails the Bank’s subscription to two tranches of the Phase 2 of the Programme Electricité Pour Tous (PEPT) social bond issuance amounting to EUR 91.5 million (XOF 60 billion at an exchange rate of 655.96 XOF per EUR). The Project is an innovative financing which complements the ambitious PEPT Program of the Ivoirian Government and represents a flagship implementation of the Bank's "Mission 300" program, launched with the World Bank in 2024 to provide electricity access to 300 million additional Africans by 2030. This private sector operation represents a flagship implementation of the Bank's "Mission 300" program, launched with the World Bank at the Spring Meetings 2024 to provide electricity access to 300 million additional Africans by 2030. The project aligns with the Bank's broader ambition to play a leading role in both capital markets development and access to energy across the continent. By financing 423,828 new connections in Côte d'Ivoire, this transaction demonstrates precisely the innovative financing mechanisms and country-level engagement that Mission 300 seeks to promote across the continent.