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Southern Africa

EIB Partners With South African Banks For US$670 Million Funding

Financing to support renewable energy projects by independent power producers.


By Sneha Abraham
The European Investment Bank (EIB) has announced joint financing initiatives worth a combined €600 million (US$670.5 million) with South African banks in support of renewable energy projects by independent power producers (IPPs).The first initiative was announced in mid-September and involves a joint undertaking with FirstRand Bank, with EIB committing to

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