South African bank secures continent’s ‘first green loan’
The private-sector arm of the World Bank says it will lend up to $150 million to Johannesburg-based Absa Bank for green project funding.
Nairobi’s Sunfunder sets up $70m pot for solar and storage in Africa and Asia
The oversubscribed fund was closed with the help of a commitment by Austria’s national development bank. U.S. and Swedish state-owned lenders and impact investors dominate the pool of contributors to the debt finance, which will fund small-scale installations.
