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Home » News » World Bank Commits $1 Billion Loan to Support South Africa’s Energy Transition
News

World Bank Commits $1 Billion Loan to Support South Africa’s Energy Transition

By Caesar HarrettNovember 6, 20233 Mins Read
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In a significant move to bolster South Africa's pursuit of long-term energy security and its transition to a low-carbon economy, the World Bank Board has approved a substantial $1 billion Development Policy Loan (DPL). The loan is designed to address the country's persistent energy challenges while facilitating a sustainable shift toward cleaner and more reliable

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African Development Bank Canada Electricity Funding Infrastructure KfW Development Bank Renewable energy South Africa World Bank
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