Southern Africa
World Bank Loans South Africa US$1 Billion For Energy Security
The funding will support the restructuring of the power sector.
The World Bank is to provide South Africa a US$1 billion development policy loan to support the government’s efforts to alleviate its ongoing energy crisis, promote long-term energy security and secure a low-carbon transition.
The funding initiative is being supported by the African Development Bank (AfDB), Germany’s KfW Development Bank and
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