Serrari Group

Germany is reinforcing its commitment to sustainable development in Southern Africa by providing substantial financial support for renewable energy projects in South Africa and Namibia.

The German state-owned development bank KfW will lend R9 billion (approximately $540 million) to facilitate South Africa’s transition to renewable energy. This contribution is part of the broader Just Energy Transition Partnership, which has gathered R160 billion (around $9.6 billion) since its launch in 2021.

Simultaneously, Germany is investing €10 million (about $10.4 million) in a green hydrogen project led by BAM in Namibia’s Walvis Bay area, emphasizing its dedication to advancing clean energy technology in the region.

These investments come at a crucial time for Southern Africa. Sasol (NYSE:SSL), South Africa’s largest energy company, is adapting to leadership changes amid pressure to meet climate commitments. Solar power is gaining traction as a solution to persistent electricity supply issues facing Eskom, the country’s primary electricity provider.

A debate on energy policy unfolds in South Africa, with political figure Julius Malema advocating for coal reliance, showcasing the complexities of balancing economic interests against the global push for decarbonization.

Germany’s financial support for renewable energy projects in South Africa and Namibia demonstrates its commitment to assisting these nations in their transition to a greener economy. It also reflects international recognition of the importance of investing in sustainable energy solutions to address climate change while supporting economic growth in developing regions. International collaboration takes center stage in shaping the future of energy in Southern Africa.

Photo (Kamil Kowalcze)

By: Montel Kamau
Serrari Financial Analyst
19th November, 2023

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023