• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
South Africa’s Energy Sector To Receive $1 Billion Loan From World Bank

South Africa’s Energy Sector To Receive $1 Billion Loan From World Bank

2 years ago
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

34 minutes ago
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

1 hour ago
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

2 hours ago
US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

5 hours ago
Kenya: Man Arrested Over Social Media Post Dies In Custody

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

5 hours ago
Tuesday, June 10, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

South Africa’s Energy Sector To Receive $1 Billion Loan From World Bank

October 26, 2023
in Top Stories, World
0
World Bank on glass building. Mirrored sky and city modern facade. Global capital, business, finance, economy, banking and money concept 3D rendering animation.

World Bank on glass building. Mirrored sky and city modern facade. Global capital, business, finance, economy, banking and money concept 3D rendering animation.

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Ebi Kesiena

The World Bank said on Thursday that its Board has approved a $1 billion loan to help South Africa reform its energy sector, as the country tries to overcome regular power cuts that have curbed economic growth.

Relatedreading

UN Peacekeepers Escape Attack In Southern Lebanon

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

In a statement, the bank noted that it wants to support the country’s reforms to split struggling power firm Eskom and to transition to a low carbon economy.

World Bank’s Director for South Africa, Marie Francoise Marie-Nelly, had told the media last month that the loan was under discussion and could come soon.

In the statement, Marie-Nelly said reforms the government had launched would benefit the people of South Africa – particularly the most vulnerable households – the economy, the environment, and advance the energy transition.

Eskom’s coal-fired power stations routinely break down, leading to outages of up to 10 hours a day.

According to a September analysis by Reuters, several plants violated government emissions regulations early this year.

Using its Development Policy Loan, the World Bank said it would reduce the use of coal for power generation and, therefore, reduce water and air pollution.

However, South Africa’s government has pledged to split Eskom into three subsidiaries transmission, generation and distribution. In February, it agreed to take on 254 billion rand ($13.3 billion) of Eskom’s debt, more than half its total debt, which was at risk of default.

As the country battles to improve its power sector, the world bank loan will go a long way to stabilize the sector.

Tags: breakingHeritageheritage timesheritagetimesmediahtlatestnewsthe heritage timesthehtafricathtthtafricatop stories
ShareTweetSend
Previous Post

PM Abiy Ahmed Says Ethiopia Has No Plans To Invade Eritrea As Tension Escalates

Next Post

Morocco, Senegal Rule Africa, Nigeria Static, South Africa Drop In Latest FIFA Ranking 

Related Posts

UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

Organisers Postpone U20 WAFU Tournament

Next Post
AFCON 2023 Qualifier: Super Eagles, Wild Dogs Round Up Trainings, Sierra Leone Drop Points

Morocco, Senegal Rule Africa, Nigeria Static, South Africa Drop In Latest FIFA Ranking 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025
US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

June 10, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

June 10, 2025

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

June 10, 2025

Organisers Postpone U20 WAFU Tournament

June 10, 2025

Nigeria’s Rivers Hoopers Crash Out Of Africa Basketball League

June 10, 2025

‘Africa Corps’ Takes Over From Wagner As Russia Keeps Grip On Sahel Region

June 10, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In