Germany and France commit €300 million to South Africa services
According to South Africa's National Treasury, Germany and France have jointly pledged €300 million in concessional financing to enhance basic municipal services nationwide. The German KfW Development Bank will contribute €200 million, while France's Agence Française de Développement will provide the remaining €100 million. The funds are earmarked for the Metro Trading Services Reform programme, targeting the eight metropolitan municipalities that serve more than 22 million South Africans.
The financing will bolster the financial and operational efficiency of electricity, water, and sanitation services, as well as waste management. KfW has previously allocated €350 million in concessional loans to Johannesburg and Cape Town over the past two years, with the aim of powering grid upgrades and promoting renewable energy integration.
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