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World Bank financing

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South Africa

Don’t leave workers behind in green transition: SAfrica president

      This afternoon, South Africa's President Cyril Ramaphosa reaffirmed the nation's commitment to transitioning towards renewable energy but insisted that communities and workers must not lose out. Africa's most industrialised economy is one of the world's largest greenhouse-gas emitters, relying on coal for 80 percent of electricity generation. The fossil fuel is a bedrock of the economy, employing more than 100,000 people. "We are in reality facing a climate […]

todayJuly 15, 2024 9

Local

World Bank Loan to Namibia Supports Renewable Energy Integration

    Today marks the approval of Namibia’s first ever World Bank financed energy project, aimed at improving the reliability of the country’s transmission network and enabling increased integration of renewable energy into the country’s electricity system. The $138.5 million project will be implemented by the national electricity utility, NamPower. “Namibia is a uniquely positioned regional leader in the transition towards Transmission Expansion and Energy Storage Project a greener and more sustainable future. The World Bank is […]

todayMay 7, 2024 20

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