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Southern Africa

World Bank Loans South Africa US$1 Billion For Energy Security

The funding will support the restructuring of the power sector. 

October 27, 2023

By Sneha Abraham
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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