US Export-Import Bank Pushes Africa Renewables
- Bank’s biggest clean energy project on continent is in Angola
- Due dilligence pending on $4.7 billion Mozambique LNG loan
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The US Export-Import Bank said it is increasing its focus on Africa and clean energy, approving its biggest renewable investment on the continent while the earlier financing of a Mozambique gas project remains under review.
The bank in June approved a direct loan for more than $900 million for two solar plants in Angola, an unprecedented clean energy project for Ex-Im that will also create thousands of jobs in the US, the export credit agency’s chair Reta Jo Lewis said in an interview in Johannesburg on Friday. She was on her fourth trip to sub-Saharan Africa since starting the role in February last year.