South Africa needs $21bn for green energy grid upgrade amid Eskom's near-bankruptcy.

South Africa faces challenges in funding its power grid upgrade for transitioning to green energy, requiring $21bn. State monopoly Eskom is near-bankrupt, impeding investment. Donors offer $11.6bn in loans but are hesitant without sovereign guarantees. The government explores alternative financing options, including partnerships with the US and China, and private firm involvement.

August 12, 2024
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