South Africa Signs €600 Million Loan From Germany, France for Clean Fuel Shift
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South Africa’s government signed loan agreements with French and German public development banks to support its efforts to shift from coal toward cleaner energy sources.
Agence Française de Développement and Kreditanstalt für Wiederaufbau extended concessional loans of €300 million ($302 million) each to the South African government as part of an $8.5 billion climate finance deal it was offered by wealthy nations at the COP26 talks in Glasgow last year, the National Treasury said in a statement Wednesday.