Eskom’s Rivoningo Mnisi Eskom has secured the government approvals it needs to establish Eskom Green as a wholly owned subsidiary able to raise its own funding, in a key milestone in the utility’s long-running unbundling programme. The approvals, granted in terms of section 54(2) of the Public Finance Management Act read with the conditions of…
Regulators and investors have urged urgent expansion of green finance instruments — from green bonds to sustainability-linked loans — as the key to unlocking Africa’s low-carbon transition, closing the continent’s climate finance gap and attracting global capital. The urgent need for Africa to transform sustainability commitments into measurable action took centre stage as business leaders,…
Addis Ababa — Ethiopia’s efforts to advance a circular economy and implement the Green Legacy Initiative are emerging as a model for other African countries seeking sustainable and climate-resilient development, a senior Finnish Embassy official has said. Speaking to ENA, Head of Cooperation at the Finnish Embassy in Addis Ababa, Tomi Sarkioja commended Ethiopia’s bold…
Eskom board chairman Mteto Nyati speaking at the launch of Eskom Green Eskom on Tuesday launched Eskom Green, a dedicated renewable energy business that the utility says will scale solar, wind, hydro and storage to as much as 32GW by 2040, with its leadership insisting the new unit will work with private developers rather than…
President Cyril Ramaphosa President Cyril Ramaphosa has placed South Africa’s digital identity overhaul at the centre of government’s crackdown on illegal migration, committing to set a date after which the green barcoded ID book will no longer be recognised. In an address from the Union Buildings on Sunday evening, Ramaphosa said the government was establishing…
London’s firefighting service responded Wednesday to a blaze in the Golders Green neighborhood, home to a large Jewish community that’s been targeted by a number of arson attacks in recent months. Images from the scene showed the flames impacting a Jewish supermarket, Kosher Kingdom, and a column of black smoke rising above the area’s main…
The department of home affairs plans to expand its smart ID rollout to 750 bank branches by year-end – including self-service terminals at Capitec branches – citing the early success of an eight-week pilot that has processed more than 118 000 applications. Speaking during his department’s budget vote in parliament on Friday, home affairs minister Leon…
France’s lower house has overwhelmingly approved a bill to ease the return of artworks and artefacts looted during the colonial era, paving the way to address restitution requests from countries including Mali, Algeria and Benin. French lawmakers on Monday passed a bill to simplify the return of artworks looted during the colonial era to their…
Despite bearing the brunt of a climate crisis it did not create, Africa is being held back by a financial system that has long failed to meet its needs. But instead of waiting for outside solutions, African institutions are laying the groundwork for a green transition that advances both development and climate resilience. The Belém…
Climate change is a profound challenge to the livelihoods of many people in African countries who have contributed so little to its cause. More frequent extreme weather events (floods, heatwaves and droughts) are making hunger, insecurity and displacement much worse. The continent holds an estimated 30% of the minerals that are essential for the future…
