Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Public money, private plans: MPs demand Post Office transparency

      13 June 2025

      Coal to cash: South Africa gets major boost for energy shift

      13 June 2025

      China is behind in AI chips – but for how much longer?

      13 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025

      10 red flags for Apple investors

      13 June 2025
    • World

      Yahoo tries to make its mail service relevant again

      13 June 2025

      Qualcomm shows off new chip for AI smart glasses

      11 June 2025

      Trump tariffs to dim 2025 smartphone shipments

      4 June 2025

      Shrimp Jesus and the AI ad invasion

      4 June 2025

      Apple slams EU rules as ‘flawed and costly’ in major legal pushback

      2 June 2025
    • In-depth

      Grok promised bias-free chat. Then came the edits

      2 June 2025

      Digital fortress: We go inside JB5, Teraco’s giant new AI-ready data centre

      30 May 2025

      Sam Altman and Jony Ive’s big bet to out-Apple Apple

      22 May 2025

      South Africa unveils big state digital reform programme

      12 May 2025

      Is this the end of Google Search as we know it?

      12 May 2025
    • TCS

      TechCentral Nexus S0E1: Starlink, BEE and a new leader at Vodacom

      8 June 2025

      TCS+ | The future of mobile money, with MTN’s Kagiso Mothibi

      6 June 2025

      TCS+ | AI is more than hype: Workday execs unpack real human impact

      4 June 2025

      TCS | Sentiv, and the story behind the buyout of Altron Nexus

      3 June 2025

      TCS | Signal restored: Unpacking the Blue Label and Cell C turnaround

      28 May 2025
    • Opinion

      Beyond the box: why IT distribution depends on real partnerships

      2 June 2025

      South Africa’s next crisis? Being offline in an AI-driven world

      2 June 2025

      Digital giants boost South African news media – and get blamed for it

      29 May 2025

      Solar panic? The truth about SSEG, fines and municipal rules

      14 April 2025

      Data protection must be crypto industry’s top priority

      9 April 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » Energy and sustainability » Powerful US investors visit SA with eye on renewables

    Powerful US investors visit SA with eye on renewables

    By Monique Vanek4 August 2022
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    US investors with more than US$1-trillion of assets under management are in South Africa to look for investment opportunities.

    The visit being facilitated by USAid and Prosper Africa, the US government’s initiative to increase trade and investment between African nations and America, started on Tuesday and will coincide with US secretary of state Antony Blinken’s trip. Blinken arrives in the country on Sunday — his second official trip to Africa. He will also visit the Democratic Republic of Congo and Rwanda.

    South Africa, the world’s 13th largest source of greenhouse gases, will need to spend more than R4-trillion over the next three decades to fund the closing down of coal-fired plants and development of replacement green energy such as wind and solar, according to a report released in May. The world’s richest nations at Cop26 in Glasgow in November pledged just US$8.5-billion in climate grants and concessional loans to the nation.

    There’s going to need to be a scaling up of private capital alongside public capital in order to meet the challenge

    “There’s not enough public resources in donor budgets and in local budgets, for example, in South Africa to solve the climate crisis,” Cameron Khosrowshahi, senior investment adviser for Prosper Africa, said in an interview on Thursday. “There’s going to need to be a scaling up of private capital alongside public capital in order to meet the challenge. And that’s part of the reason why we’re here.”

    The delegation comprising pension funds, financial institutions and asset managers including Bank of New York Mellon, Kansas City Public School Retirement System and the NYC Board of Education Retirement System will meet with fund managers and discuss blended finance opportunities for South Africa’s transition to renewable energy and women’s economic empowerment, a statement from Prosper Africa and USAid said.

    The US is trying to deepen its ties with Africa and counter China’s influence, the continent’s largest trading partner and bilateral creditor.

    Blinken will be hosted by South Africa’s minister of international relations & cooperation, Naledi Pandor, and will also engage on a strategic dialogue.  — (c) 2022 Bloomberg LP



    Antony Blinken Prosper Africa USAid
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleMultiChoice fined R200 000 by Nigerian regulator
    Next Article SABC and e.tv accuse Sentech of price gouging

    Related Posts

    US, China to discuss AI risks amid nuclear war fears

    13 May 2024

    US warns of flood of fakes as elections loom worldwide

    18 March 2024

    Digital infrastructure to form key part of Biden’s Africa initiative

    27 July 2021
    Company News

    Huawei Watch Fit 4 Series: smarter sensors, sharper design, stronger performance

    13 June 2025

    Change Logic and BankservAfrica set new benchmark with PayShap roll-out

    13 June 2025

    SAPHILA 2025 – transcending with purpose, connection and AI-powered vision

    13 June 2025
    Opinion

    Beyond the box: why IT distribution depends on real partnerships

    2 June 2025

    South Africa’s next crisis? Being offline in an AI-driven world

    2 June 2025

    Digital giants boost South African news media – and get blamed for it

    29 May 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.