A member of the World Bank Group, International Finance Corporation (IFC) has announced Africa’s first certified green loan to Absa Bank Ltd.
It will increase funding for biomass and other renewable energy projects in South Africa, supporting the country’s power sector and economic recovery from COVID-19.
IFC will provide Absa Bank Ltd., one of Africa’s largest financial services groups, with a loan of up to $150 million to support the bank’s strategy to expand its climate finance business and help South Africa meet its greenhouse gas reduction targets.
The loan is the first certified loan in Africa that complies with the Green Loan Principles.
35th Edition of Absa LâAtelier challenges young African artists to âAct their Artâ
6 April 2021
Proudly African bank Absa, in partnership with the South African National Association for the Visual Arts (SANAVA), officially opened applications for the 2021 Absa L Atelier art competition, and invite young artists from across the continent to enter.
Since its inception 35 years ago, the Absa L Atelier has showcased and continues to invest in some of the finest young artists from the 12 African countries where Absa has a presence. With this year s theme The Act of Art , we are calling on our continent s fearless creators to act now and enter. This competition will once again provide an opportunity for visual artists to respond and make their voices heard. We are committed to putting the basic building blocks in place to ensure that young artists from across the African continent can reimagine their futures and bring their possibility to life, says Dr Paul Bayliss, S
Covid-19: Absa Deputy CEO, Peter Matlare reported dead Listen to article
Deputy Chief Executive Officer (CEO) of Absa Group Limited and Chief Executive responsible for Absa Regional Operations, Peter Matlare has passed on after battling COVID-19 related complications.
A statement issued by the Group stated that the Deputy Group Chief Executive who had been with the bank since 2016, died on 7th March 2021.
It also noted that Peter Matlare joined the Absa Group Limited board as an independent Non-Executive Director in 2011.
Absa Group Limited Chairman, Wendy Lucas-Bull said, “In August 2016, he was appointed Group Deputy Chief Executive Officer, as well as Chief Executive responsible for Absa Regional Operations, covering our presence on the continent outside of South Africa. He played a key role in overseeing our regional operations and safely leading our banks through the major Separation from Barclays and rebrand to Absa”.