Africa: AFD, DTB to Support Renewable Energies

Small and medium enterprises (SMEs) that are interested in investing in renewable energy technologies will now receive soft loans from the French Development Agency through Diamond Trust bank (DTB).

Agence Francaise de Development (AFD) and DTB have signed a credit agreement worth Shs 33bn to finance green energy projects in the country. Yves Boudot, the regional director for AFD in East Africa, said the soft loans are accessible to businesses interested in investing in technologies such as small hydroelectric power generation, geothermal, biogas, and solar.

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