South Africa has secured a US$474.6 million loan from the AfDB to improve the country’s infrastructure and climate resilience.

The loan is directed at South Africa’s Infrastructure Governance and Green Growth programme (IGGGP), according to the bank.

The programme aims to enhance energy security, improve transport efficiency and support a low-carbon and just transition, areports ESI-Africa.

It has a strong focus on green industrialisation, skills development and job creation, including support for green hydrogen production and the manufacture of electric vehicles.

The bank’s contribution is part of a US$2.78 billion financial package drawn from a number of sources, including US$1.5 billion from the World Bank, EUR500 million from Germany’s KfW, US$200 million from Japan’s JICA and US$150 million from the OPEC Fund.

‘The programme aligns with South Africa’s updated nationally determined contributions under the Paris Agreement, which targets reducing greenhouse gas emissions to 398–510 million tons of CO₂ equivalent by 2025 and 350–420 million tons by 2030,’ said the AfDB.

8 July 2025
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