Absa enters new deal for green financing

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa Headlines News

World Bank subsidiary will provide $150m for use in lending based on ‘green loan’ principles

Absa will become the first bank in Africa to extend loans for biomass and other renewable projects under a new sustainable financing programme based on “green loan principles” using money from the World Bank.

The deal will see the International Finance Corporation — a division of the World Bank focused on the private sector in emerging markets — extending the group a loan of up to $150m for exclusive use in predefined green projects. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Getting one legitimate trader in South Africa is almost impossible 😅. But LISATOWNSENDC is a legitimate trader that trades with your funds and takes his own percentage while you get your profits 100%. She's a trader with difference 👌

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.