The continent requires over $700 billion from international investors, a banking executive has said Africa will need more than $700 billion in investment to develop its renewable energy and expand mining of the metals required for a green transition, the CEO of Standard Bank Group, Kenny Fihla, told Bloomberg. According to him, funding for extracting minerals used in renewable energy projects “will have to come from international investors who want to grow in the renewable space or play a role in the renewable space or in the mining of those critical minerals.” He added that African banks will not be able to finan
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