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.
IFC and Absa Bank Partner on Africa s First Certified Green Loan to Support Green Energy Projects
05/06/2021 | 02:45pm EDT
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Johannesburg, South Africa, May 6, 2021-Africa s first certified green loan, announced today by IFC to Absa Bank Ltd., 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, a member of the World Bank Group, 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.
/PRNewswire/ - In May 2020, BMO Financial Group (TSX: BMO) (NYSE: BMO) became the first major bank in Canada to sign the International Finance Corporation.
Hotels | England | April 30, 2021 | Erica Bush
New hotel The Londoner in Leicester Square has confirmed it will open to guests this September.
The 16-storey new build property will feature 350 guest rooms, suites and a tower penthouse as well as two private screening rooms, a ballroom and a gym and wellness centre.
The Londoner will offer six dining options, including bars and a ‘tavern’, al fresco dining on the ground floor and Japanese lounge bar with a rooftop terrace and a fire pit.
The hotel opens as part of a larger investment project for Leicester Square, with local authorities funding public realm areas and an arts and culture programme, which launches later this year.