Le Board of Directors of the African Development Bank (AfDB) has approved a loan of 474.6 million dollars in favor of South Africa. This funding is intended for the country's Infrastructure Governance and Green Growth Program (IGGGP)

The $474.6 million loan granted by the AfDB marks an important step in the country's transition to a sustainable, low-carbon economy. It represents the second phase of the Bank's strategic support for South Africa's just energy transition. It builds on the success of the $300 million Energy Governance and Climate Resilience Program, approved in 2023 and which enabled key reforms that strengthened financial stability and increased renewable energy capacity. The program is designed to accelerate South Africa's green transformation and promote inclusive and resilient growth through three interconnected pillars, including advancing energy security through the restructuring of the electricity sector, supporting a just and low-carbon transition, and improving transport efficiency.

The South African government is banking on a series of reforms and projects that should make it possible to fully exploit the country's potential in terms of renewable energies, such as solar and wind.