• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

StanChart Explores Helping Lesotho Raise Energy Transition Fund

11 months ago
in Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
60
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

StanChart Explores Helping Lesotho Raise Energy Transition Fund

 Standard Chartered Plc and Standard Bank Group Ltd. are exploring working with Lesotho on raising a fund to help the country meet its energy needs and start exporting power.

The banks aim to work with the government to attract investment into the His Majesty King Letsie III Just Energy Transition Fund, according to a statement from the king’s office. Standard Chartered, which is based in London, has a presence across a number of African countries while Johannesburg-based Standard Bank is the continent’s biggest lender.

Standard Chartered will work “with the Kingdom of Lesotho to pursue a first-of-a-kind ‘country platform’ that can support the country’s ambitions,” Marisa Drew, Standard Chartered’s chief sustainability officer, said in comments sent to Bloomberg. “Leveraging programmatic blended finance of this kind is an innovative way to attract foreign private-sector investment to emerging-market economies.”

The mountainous kingdom, an enclave within South Africa, has abundant wind, solar and hydropower resources, yet imports much of its electricity. It earns foreign exchange by providing water to South Africa and from selling mohair from its Angora goat herds.

Domestic Needs

“It has historically been difficult to source private sector and international investment in Lesotho’s energy system,” the king’s office said in the statement. The fund “creates the exciting opportunity to demonstrate the potential for emerging economies to ‘leapfrog’ from energy poverty to clean energy abundance without passing through fossil fuels,” it said.

RelatedPosts

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

ICUMS Set to Complete Major Upgrade to Enhance System Performance

IMF Staff Mission Reaches Staff-Level Agreement with Côte d’Ivoire on EFF/ECF and RSF Programmes

The first phase of the project will aim to meet Lesotho’s domestic power need of 200 megawatts. It will then start to build surplus power generation capacity and expand its transmission network to supply electricity to the region through the Southern Africa Power Pool.

A number of Southern African countries, including Zimbabwe and Zambia, are currently rationing power because of insufficient generation capacity.

Source: bloomberg
Via: norvanreports
Tags: Energy Transition FundStanChartStanChart Explores Helping Lesotho Raise Energy Transition Fund

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Fuel Prices Set to Rise Marginally at the Pumps From Today

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

Global Crude Exports Set to Hit All-Time High in October

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

Trending

Business

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

October 1, 2025

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana  The...

ICUMS Set to Complete Major Upgrade to Enhance System Performance

October 1, 2025

IMF Staff Mission Reaches Staff-Level Agreement with Côte d’Ivoire on EFF/ECF and RSF Programmes

October 1, 2025

Fuel Prices Set to Rise Marginally at the Pumps From Today

October 1, 2025

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.