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African Development Bank to give South Africa $475 million loan. – Fullview | Telling empowering stories, South Africans want to hear | SA News

By Lehlohonolo Lehana.

The African Development Bank (AfDB) approved $474.6 million loan to support South Africa’s Infrastructure Governance and Green Growth Program (IGGGP), the bank said on Tuesday.

This IGGGP is the second phase of the bank’s strategic support for South Africa’s just energy transition (JET).

It builds on the previous $300-million Energy Governance and Climate Resilience Programme, approved in 2023, which delivered key reforms that bolstered finacial stability and increased renewable-energy capacity.

The African Development Bank said in a statement that its financing aimed to promote energy efficiency and rail reforms, among other things.

It said its support was…

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