AfDB pledges $2.8bn towards South Africa for energy transition

Source: ESIafrica

African Development Bank Group President Dr Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million will support South Africa’s power utility Eskom and the country’s energy transition.

Adesina was speaking at the opening of the South Africa Investment Conference in Johannesburg this week. President Cyril Ramaphosa opened the South African Investment Conference, the first physical convening of participants since 2019, with a message of optimism and determination in the face of a global pandemic, tough economic headwinds, and millions of job losses.

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Source: ESIafrica

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