{"id":57356,"date":"2023-11-30T16:41:46","date_gmt":"2023-11-30T16:41:46","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables"},"modified":"2023-11-30T17:48:29","modified_gmt":"2023-11-30T17:48:29","slug":"stanlib-to-invest-r3-billion-in-renewables","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables","title":{"rendered":"Stanlib to invest R3 billion in renewables"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Stanlib Asset Management, one of Africa\u2019s largest investment firms, aims to deploy R3 billion to help address a funding gap for major renewable energy initiatives across the continent.<\/p>\n

The Khanyisa Energy Transition Fund is using initial investment from Stanlib\u2019s sister companies, Standard Bank and Liberty.<\/p>\n

It will start with South Africa and then seek assets across Africa within two years, said Johan Marnewick, head of credit alternatives at Stanlib.<\/p>\n

It\u2019s part of Standard Bank\u2019s plans to distribute as much as R300 billion for sustainable solutions over five years, still a fraction of the R22.6 trillion it estimates Africa will need to shift from polluting energy sources to cleaner technologies by 2030.<\/p>\n

Such funding is in focus this week as nations meet for the COP28 summit talks in Dubai on climate change.<\/p>\n

\u201cThe portfolio comprises a diverse range of technologies, strategically distributed across various geographic locations,\u201d said fund manager Kholofelo Molewa.<\/p>\n

That\u2019s expected to include wind and solar power, metals critical to electric vehicles such as lithium and transport infrastructure.<\/p>\n

It aims to be running by the end of the first quarter and to grow assets to R18.8 billion in three to five years, targeting investors such as pension funds, insurance companies and development institutions.<\/p>\n

Marnewick said the next jurisdictions to invest would be where Stanlib already has a presence, such as Nigeria and Ghana in West Africa, Tanzania and Kenya in East Africa, and Angola in the south of the continent.<\/p>\n

Mozambique could also provide viable assets in future, he added.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Stanlib Asset Management, one of Africa\u2019s largest investment firms, aims to deploy R3 billion to help address a funding gap for major renewable energy initiatives across the continent. The Khanyisa Energy Transition Fund is using initial investment from Stanlib\u2019s sister companies, Standard Bank and Liberty. It will start with South Africa and […]<\/p>\n","protected":false},"author":84,"featured_media":57355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-57356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nStanlib to invest R3 billion in renewables - South Africa<\/title>\n<meta name=\"description\" content=\"Stanlib Asset Management, one of Africa\u2019s largest investment firms, aims to deploy R3 billion to help address a funding ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stanlib to invest R3 billion in renewables\" \/>\n<meta property=\"og:description\" content=\"Stanlib Asset Management, one of Africa\u2019s largest investment firms, aims to deploy R3 billion to help address a funding ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-30T16:41:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-30T17:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353831.647674.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Stanlib to invest R3 billion in renewables\",\"datePublished\":\"2023-11-30T16:41:46+00:00\",\"dateModified\":\"2023-11-30T17:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables\"},\"wordCount\":274,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353831.647674.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/stanlib-to-invest-r3-billion-in-renewables\",\"name\":\"Stanlib to invest R3 billion in renewables - 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