StanChart Explores Helping Lesotho Raise Energy Transition Fund
- The fund aims to meet Lesotho’s energy needs and begin exports
- Standard Bank has also been approached for assistance
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Standard Chartered Plc and Standard Bank Group Ltd. are exploring working with Lesotho on raising a fund to help the country meet its energy needs and start exporting power.
The banks aim to work with the government to attract investment into the His Majesty King Letsie III Just Energy Transition Fund, according to a statement from the king’s office. Standard Chartered, which is based in London, has a presence across a number of African countries while Johannesburg-based Standard Bank is the continent’s biggest lender.