Absa Bank secures new IFC financing ($150m)
This new funding is earmarked for the group’s green finance activities, which have been widely supported by donors in recent months.
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▪ Absa Bank secures new IFC financing ($150m)
▪ This new funding is earmarked for the group’s green finance activities, which have been widely supported by donors in recent months.
▪ https://www.africabusinessplus.com/en/806178/absa-bank-a-former-barclays-subsidiary-secures-new-ifc-financing-150m/
The senior debt line, totalling $150m, will run for three years, and will be channelled towards South Africa. Biomass and renewable energy are identified by the IFC as target investments.
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