02/12/2024
Massive solar rollout in South Africa
The bounce-back scheme came into effect in 2023, designed to help small businesses and consumers access financing for energy solutions.
ESG
02/06/2024
Construction of South Africa’s biggest wind farm underway – bringing with it over 800 jobs
While grid capacity is saturated in many parts of the country, the coal-rich province of Mpumalanga has a surplus of connections that can be exploited by the mining sector.
01/22/2024
UK & African Development Bank Award Kenya Ksh 9.3B Climate Change Loan
The two organisations explained that the funds would enable the government to address existing gaps in energy transmission and achieve universal electricity access.
01/05/2024
Sanlam Investments backs South Africa's green hydrogen strategy
This follows the recent approval of the country’s Green Hydrogen Commercialisation Strategy (GHCS) made in the last quarter of 2023 by the South African cabinet
12/14/2023
South Africa backs global climate deal to kiss fossil fuels goodbye
This is a five-year rotational process that appraises progress countries have made towards meeting their climate targets.
12/12/2023
King Letsie III of Lesotho launches position paper on integrating nutrition into climate financing
Climate change significantly impacts malnutrition, affecting food systems, availability, access, and nutritional quality.
12/11/2023
South Africa: African Development Bank approves $1 billion guarantee from the United Kingdom to support SA’s Just Energy Transition
The approval, coming during COP28, where ramping-up climate finance is an issue, is timely and topical.
12/11/2023
UK backs AfDB with $1b for S’Africa’s clean energy transition
With many African countries balancing development needs with pressure to curb emissions, the continent is seeking over $250 billion annually by 2030 in external financing for climate action.
12/07/2023
African countries need $87bln annually for climate adaptation programmes: African official
Africa needs at least $500 billion for renewable energy capabilities by 2030, and $2 trillion by 2050
12/07/2023
Major R3 billion solar project breaks ground in South Africa
This will give businesses access to reliable renewable energy, even if they do not want to enter into a long-term contract.
12/06/2023
KenGen to build mega wind power plant
KenGen owns a 26MW wind farm in Ngong Hills and sold 57 Gigawatt hours of electricity generated from the plant to Kenya Power in the year that ended in June.
12/05/2023
Akufo-Addo urges building of safety nets against climate crisis for developing world
This follows a day after the current and incoming chairs of the CVF endorsed and launched the COP28 finance declaration.
12/04/2023
African Development Bank with other multilateral development banks commit to boost collaboration on climate and development
The banks also expressed support for various sectors
12/04/2023
COP 28: African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa
The successful roll out of the facility will depend largely on partnerships such as the World Food Programme to deliver services to clients.
12/04/2023
AfDB kicks off creation of four green banks in Africa
The African Green Bank Initiative is an initiative by the multilateral lender as a workable and realistic solution to the lack of climate finance in the continent.
12/04/2023
Ethiopia signs $600mln wind farm deal with UAE'S AMEA Power
The Horn-of-Africa nation is turning to renewable energy to boost electricity coverage, which stood at 50% of the population in 2020 according to the World Bank, leaving 60mln people outside of the grid
11/30/2023
UK government invests R125 million in South African wind farms
The farms are part of a three-project cluster that is being co-developed by South African renewable energy developers H1 Capital and EDF Renewables.
11/27/2023
Access Bank partners Asolar to power up Nigerian SMEs and rural communities with eco-friendly energy solutions
The products, which included solar-powered TV sets, Air Conditioners, and PoS machines, among many others, were launched on Tuesday at the Access Bank Branch in Garki, Abuja.
11/23/2023
Union Bank Signs $500m Renewable Energy Deal with Germany’s DWS
An integral aspect of this deal is its contribution to processing approximately 50 million cubic feet per day of natural gas that would otherwise be flared.
11/22/2023
Standard Bank’s big conflict of interest as top 5 SA banks lag in climate risk race
For Nedbank, the “How Cool is Your Bank” report cites Stanley Subramoney, who is also independent non-executive director at Sasol, as being potentially conflicted.