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EIB Global supports South Africa’s green transition with €350 million framework loan for Transnet
EIB Global, the development arm of the European Investment Bank (EIB), has signed a €350 million loan agreement with Transnet, South Africa’s state-owned transport and logistics company. The signing ceremony took place in Johannesburg and was attended by Cyril Ramaphosa, president of South Africa, Ursula von der Leyen, president of the European Commission, and Andrew McDowell representing the European Investment Bank.
Global Gateway: Partnership between EBID and EIB to promote climate action and environmental sustainability projects in the ECOWAS region
The ECOWAS Bank for Investment and Development (EBID), the European Investment Bank (EIB), with the support of the European Union (EU), today announce a €100 million financial partnership to support climate action and environmental sustainability projects in the ECOWAS region.
South Africa: EIB and FirstRand Bank boost renewable energy investments with € 400 million/ZAR 7.9 billion initiative
Renewable energy projects developed by independent power producers in South Africa received a € 400 million (ZAR 7.9 billion) boost with today’s announcement of a joint initiative between the European Investment Bank (EIB) and FirstRand Bank Ltd. A € 200 million (ZAR 3.9 billion) loan from the EIB will be matched by FirstRand Bank to invest in renewable energy, in particular solar photovoltaic and wind energy, as well as energy-efficiency projects. The investments will aim to increase the supply of reliable, affordable, clean and sustainable energy in the country, reducing dependence on fossil fuels.