South Africa power map

World Bank commits $1bn to South Africa’s energy transition

Issue 494 - 01 Nov 2023 - By Tonderayi Mukeredzi | 2 minute read

The World Bank has agreed to extend $1bn to South Africa to help the government’s energy security goals and the transition to a low carbon economy. The development policy loan is expected to help with restructuring of the power sector through the unbundling of state-owned power utility Eskom, as well as encouraging private investment in renewable energy.

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