South Africa, Pimco conclude R3bn issuance under UNECA green energy programme

As part of its Sustainable Development Goal Seven (SDG7) Programme, the United Nations Economic Commission for Africa (UNECA) announces that the Development Bank of Southern Africa (DBSA) and Pimco have reached terms on their issuance of R3-billion of debt securities, which signals the first closing. The SDG7 Programme, which was launched in February 2020, is aimed at deploying private capital in Africa to support the development of renewable energy.
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FSD Africa backs fintech pioneer to build new platform increasing access to carbon markets

FSD Africa, the UK government’s flagship financial sector programme in Africa, is making an initial investment of £650 000 in a digital solution connecting carbon credits from small-scale green projects across the global south with international buyers. The investment will deliver funding through the test phase of the solution being developed by Nick Hughes, who led the development of Africa’s mobile money service M-Pesa.
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Electrolux SA advances renewable energy journey

Household appliance manufacturer Electrolux South Africa (SA) has embarked on a journey to no longer make use of electricity from the national grid and to use solar energy to power its operations. As a result, the organisation is confident of cutting the carbon footprint of its local Kwikot water heater (geyser) manufacturing plant by 40%.
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