The World Bank’s board has approved a $1-billion loan to help South Africa reform its energy sector.
Browsing: World Bank
The World Bank is in talks about a potential $1-billion loan to help South Africa reform its energy sector.
Africa’s biggest harbour will be partly owned and operated by the Philippines’ International Container Terminal Services.
The World Bank Group’s private investment arm and guarantee agency have pledged more support for Safaricom Ethiopia.
Digital insurance start-up Naked Insurance has raised $17-million in a series-B funding round led by development finance institutions.
Eskom’s Komati coal-fired power plant has secured R9-billion from the World Bank and other funders to generate renewable energy from the site.
Eskom CEO André de Ruyter held discussions with the World Bank as it explores options for transitioning to cleaner sources of energy.
The International Finance Corporation has partnered withLiquid Intelligent Technologies to expand data centre capacity and roll out fibre-optic cable in Africa.
The World Bank has warned that here is a risk that most of the potential economically active population could be left behind, with the pandemic permanently impairing the country’s long-term prospects.
Eskom is pitching a R140-billion plan to global lenders that would see it shut the vast majority of its coal-fired plants by 2050 and embrace renewable energy.