# Germany’s KFW Development Bank has approved a 2.8-billion-rand concessional loan for the City of Cape Town to strengthen its electricity infrastructure and integrate renewable energy. While the loan conditions have not been disclosed, the financial terms are described as favourable and aligned with South Africa’s just energy transition. Cape Town mayor Geordin Hill-Lewis says without reliable infrastructure, they simply cannot achieve their goals to beat power outages. German ambassador, Andreas Peschke, says they are committed to the country’s just energy transition.
Cape Town secures R2.8-billion German loan for energy upgrades