“Development” is lending South Africa $ 470 million

The African Development Bank agreed to provide a loan of $ 470 million to South Africa, to support the “Green Growth” program. On Sunday, the BRICA International TV network reported that these funds will be allocated to support the green economy in South Africa, where carbon reliance reduces energy source. Pointing out that these funds constitute the second stage of the bank’s support to South Africa, to transform the green economy. The bank had made a loan of $ 300 million in 2023, and contributed to achieving financial stability and increasing the renewed energy share of the country’s total energy production. And it indicated that the program includes improving energy security by improving the energy production sector and supporting the transformation