South Africa Secures Major Boost for Just Energy Transition and Transport Overhaul
Technician checking solar panels for optimal performance amid rising energy concerns.
The African Development Bank has approved a $474.6 million loan to finance South Africa’s Infrastructure Governance and Green Growth Programme (IGGGP), supporting the country’s shift to a sustainable, low-carbon economy. Building on a successful $300 million energy program from 2023, the IGGGP is the second part of the AfDB’s strategic support for South Africa’s Just Energy Transition. The initiative targets three goals: restructuring the power sector, promoting a low-carbon transition, and modernizing transport infrastructure. It also supports green industrialization, including electric vehicles and green hydrogen. With energy and transport reforms central to its agenda, the program is expected to create jobs, drive inclusive growth, and strengthen regional integration. Backed by a $2.78 billion international package, South Africa’s energy journey could spark continent-wide transformation in climate-resilient development.
