AfDB expresses strong support for new Eskom leadership

The African Development Bank (AfDB), which has extended loan facilities worth a collective R20-billion to South Africa’s power utility Eskom, expressed confidence on Tuesday that the new leadership at the cash-strapped State-owned company would restore the group’s governance and creditworthiness. Speaking at the tenth edition of the Africa Energy Indaba in Johannesburg AfDB VP for power, energy, green growth and climate change Amadou Hott revealed that the bank had recently held “very good discussions” with Eskom.