National Treasury releases details of ‘highly concessional’ AFD, KfW loans worth €600m

The National Treasury has released details of what it describes as “highly concessional” loans with a combined value of €600-million, which are the first to be advanced under the $8.5-billion Just Energy Transition Partnership that South Africa entered into with several developed countries in 2021. The €300-million apiece loans were concluded this week with France’s Agence Française de Développement (AFD) and Germany’s Kreditanstalt für Wiederaufbau (KFW) with the proceeds flowing directly to the National Treasury.