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AfrElec RENEWABLES AfrElec
Green Exchange launches
green bonds in Ghana
GHANA THE Green Exchange, dedicated specifically to to developing countries last year doubled to
green corporate bonds with a target of $5bn in $11.4bn, raising the interests of North American
five years and set to be launched in Ghana by institutions keen on investing in greener compa-
mid-July 2022, is the first of its kind on the Afri- nies in Africa.
can continent, the Ghanaian Times reports. “While global investment in green bonds is
The exchange seeks to help businesses issue expected to reach $1 trillion by the end of 2022,
green bonds at between 4% to 6%, in contrast the African continent contributes only 0.4% of
to the traditional 16% to 21% for raising debt in the global market base,” Enright said.
hard currency. Enright and co-founder Diana Boadu Amoa-
Green Project chief executive Orla Enright tin are targeting initial listings from Ghana,
said that the Fintech Hub, based in Accra, will Kenya and Nigeria to fund wind turbines,
make it easier for corporate issuers to raise green electric vehicle charging stations, sustainable
bonds and for investors to meet their green housing, solar panel installation and companies
investment objectives. looking to reinvent their operations to become
“We have seen a great reaction from compa- green compliant, the Ghanaian Times reports.
nies in Ghana so far when presenting the oppor- The Green Exchange plans to drive up the
tunity to issue a corporate green bond, we are percentage of Africa’s share by encouraging the
confident that we will continue on that trajec- continent’s companies to issue green bonds, the
tory,” she is quoted as saying. report noted.
Climate support from the US government
Royal Bafokeng Platinum’s 30-MW
solar study almost complete
SOUTH AFRICA SOUTH Africa’s only rural community-owned is to identify opportunities to diversify into green
mining company, Royal Bafokeng Platinum energy supply.
(RBPlat) is reportedly close to completing its On the confidence in platinum group metals
renewable energy study on the building of an (PGMs) being generated by far-reaching inter-
embedded 30-MW photovoltaic (PV) power national government strategy announcements
plant. on widespread uptake of green hydrogen, Phiri
“It’s almost complete...we’re almost there, into told Mining Weekly:
renewable energy,” CEO Steve Phiri told Mining “This is a hydrogen world, looking forward
Weekly, noting that the timetable for the envi- at it. The world is decarbonising. We’re going to
ronmental impact assessment (EIA) approval is clean hydrogen and that clean hydrogen needs
in government hands. the PGMs. We’re going to go into fuel cells, and
The JSE-listed mining company delivered they need PGMs, particularly platinum, so
record dividend-yielding earnings and produc- there’s a bright future for platinum.”
tion in 2021. One of its key operational objectives
Week 11 17•March•2022 www. NEWSBASE .com P13
