Energy finance in Madagascar
Madagascar has 3 active World Bank energy projects, with $561 million committed, the 26th largest of 102 countries. 42.5% of its people had electricity in 2024.
- Committed
- $561m
- Projects
- 3
- Per person
- $17
- Electricity access
- 42.5%
- Without electricity
- 19 million
Active projects
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The Project Development Objective is to expand access to renewable energy and digital services in Madagascar.
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The Project Development Objective is to increase access to electricity services for households, enterprises, and health facilities in Madagascar.
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Increase household use of ethanol cooking stoves for reduced GHG emissions in Madagascar
Source: World Bank Group, updated 23 Oct 2026.
Who else finances energy in Africa
- World Bank (IBRD and IDA)Loans, credits and grants to governments for generation, transmission, distribution and access. Co-leads Mission 300 with the African Development Bank, which aims to connect 300 million Africans to electricity by 2030.
- IFCEquity and loans for private power producers, utilities and off-grid companies; the World Bank Group’s private-sector arm.
- MIGAPolitical-risk insurance and credit enhancement that make cross-border energy investments bankable.
- AfDBSovereign and private loans across Africa’s power sector, including Desert to Power; co-leads Mission 300.
- SEFAGrants and concessional finance for project preparation, mini-grids, clean cooking and green baseload, managed by the African Development Bank.
- OPEC FundPublic- and private-sector loans and grants in developing countries, with energy among its core sectors.
- IsDBSharia-compliant finance for power, renewables and energy access in its member countries.
- AfreximbankTrade and project finance across Africa, including oil, gas and power infrastructure.
- AFCEquity, debt and project development for African infrastructure, with power one of its largest sectors.
- Africa50An infrastructure investment platform owned by African governments and the AfDB that develops and invests in power and transport projects.
- GCFGrants, concessional loans, equity and guarantees for low-emission and climate-resilient projects, through accredited entities.
- CIFConcessional finance, delivered through the multilateral banks, for clean technology, renewables in low-income countries and coal transition.
All lenders · How energy projects are financed · Designing a fund? CEII Fund Advisory