South Africa’s state-owned energy company will receive much-needed financial support from the African Development Bank as it seeks to steady its business and lead South Africa’s transition to renewable energy.

The African Development Bank (AfDB) will provide ZAR6 billion (USD400 million) to South Africa’s troubled state energy company Eskom, to support it and manage a transition to renewable energy.

For more information, please see https://iclg.com/alb/17760-afdb-backs-eskom-and-energy-transition-in-sa