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 (IFC) — a division of the World Bank focused on the private sector in emerging markets — extending the group a loan of up to $150m (about R2.1bn) for exclusive use in predefined green projects.  ..

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