The African Development Bank says it strongly supports South Africa’s drive to become a more energy secure economy.
ADB President, Akinwumi Adesina says the Bank has always been one of the country’s biggest supporters in its strategy to become more reliant on green-energy fuel sources.
Addressing delegates at the 4th annual Investment Conference this week, Adesina said billions of Rand in investment funding will be allocated to South Africa.
He says the funding would help South Africa succeed in working toward net-zero emissions.
Read more on this announcement here.
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African Development Bank President Akinwumi Adesina pledges Bank's support for #SouthAfrica, announcing a $2.8B package over 5 years.
Some $400M will support power utility Eskom & the country’s #energytransition, said @akin_adesina, speaking at #SAIC2022. https://t.co/O6yj6W7oYY pic.twitter.com/vWveOwou7r
— African Development Bank Group (@AfDB_Group) March 24, 2022
The African Development Bank (ADB) this week committed US$2.8 billion to South Africa at the 4th Investment Conference.
The pledge was made by the Bank’s President Akinwumi Adesina.
Adesina says the funds will be allocated toward public and private sector investments.
Adesina says the funds will be prioritised, over the next 5 years, towards the country’s most important economic sectors.
Read more here.
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#SAIC2022 #InvestSA https://t.co/Kkscx3bouZ
— South African Government (@GovernmentZA) March 24, 2022
[Live Stream] The fourth South African Investment Conference #SAIC2022 https://t.co/sm9J6O7num
— South African Government (@GovernmentZA) March 24, 2022
