Tag Archives: Loan

South Africa: Government Welcomes German Loan to Eskom

Pretoria — Government has welcomed a R4 billion loan granted to Eskom by the German Development Bank (KfW). “South Africa’s plan to secure its power system by scaling up renewable energy generation and strengthen its transmission network has been boosted by a massive loan granted by the German Development Bank. Related Topics South Africa: Eastern […]

Angola: China Avails Loan to Boost Oil Production

Luanda — A U.S 2.0 billion credit will be granted by the China Development Bank to the Angolan Oil Company (Sonangol E.P) to boost its expansion projects in the oil and gas segments. The information is contained in a Sonangol’s press release that reached Angop on Friday. According to the source, the granting of the […]

South Africa: AfDB Approves Loan for Solar Project

The African Development Bank has approved a US$ 142-million loan to help fund the construction of a $ 908-million, 100-megawatt (MW) concentrating solar power plant in the Northern Cape – the bank’s first loan for a renewable energy project by an independent power producer in South Africa. A consortium led by Spanish company Abengoa was […]

Ethiopia: World Bank Approves Loan for Geothermal Project

The World Bank’s board of directors, based in Washington DC, US, has approved two hundred million dollars of credit for the Ethiopian government to develop its potential geothermal sites at Aluto and Alalobad, in the rift valley of Afar Regional State, on Thursday, May 29, 2014. The loan will be financed by the International Development […]

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