To increase access to finance for renewable energy and affordable housing in South Africa, IFC have announced a partnership with Standard Bank Group, one of the biggest banking groups in Africa. IFC’s $300 million sustainable Tier 2 capital loan will allow Standard Bank South Africa, a wholly owned subsidiary of Standard Bank Group, to on-lend and support renewable energy projects and home loans to low-income home buyers in South Africa, 50 percent of which will be used for home loans to women borrowers. IFC sponsored $260 million of this loan…
Read MoreIFC and Standard Bank Partner to Support Renewable Energy and Affordable Housing in South Africa
