Johannesburg - South Africa's Standard Bank said on Tuesday it had agreed to fund 20 billion rand ($2.2 billion) worth of renewable energy projects in Africa's biggest economy together with the Industrial and Commercial Bank of China (ICBC).
Standard Bank, which is 20 percent owned by ICBC, said in a statement the two banks would provide debt financing to companies that meet “preferred bidder” status under a South African government programme for renewable energy. - Reuters