Row rect Shape Decorative svg added to bottom Every day we establish paths toward a greener Africa Absa | Corporate and Investment Banking > Insights and Events > Every day we establish paths toward a greener Africa SHARE Another chapter of plugging Africa’s grid to sustainable energy and enabling our client to set new standards for the provision of clean electricity. Beyond environmental benefits, the projects will enable Puma Energy to create employment for local communities. We’re honoured to have partnered with Puma Energy, a prominent global player in the energy sector, in a deal to enhance the availability of reliable, clean, and affordable power for customers in Africa. In response to this deal, Puma Energy has established a Renewable and Lower Carbon Energy Division. This division's mission is to assist Puma Energy’s customers in their energy transition journey. This will reduce greenhouse gas emissions and set a standard on how houses, schools, hospitals, and businesses can run on clean electricity. Beyond environmental benefits, the projects will create employment for local communities. As the Participating Lender and Facility Agent, we look forward to supporting Puma Energy’s ongoing commitment to propelling their customers’ drive towards a sustainable and prosperous future. This is in line with Absa’s commitment to a Just Energy Transition and showcases our capabilities in this sector that is so critical to our future. We look forward to forging more of these types of partnerships to usher in chapters of a sustainable world. We’re invested in your story, and we invite you to write it with us. Contact Dean Hack for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more DEALS Seeding success through inclusive partnerships Absa has partnered with HEINEKEN Beverages on a R1.2 billion initiative to support black-owned SMEs across South Africa. As the Fund Administrator, Debt Funder, and Strategic Enabler, Absa will manage two development funds - the Supplier Development Fund and the Enterprise Development Fund to empower at least 125 black-owned SMEs. Read more
