Standard Bank Champions Balanced Energy Strategy for Africa’s Growth
Standard Bank is positioning itself as a key enabler of Africa’s balanced energy future, supporting both fossil fuel development and renewable investments. The bank’s strategy focuses on upstream oil and gas as growth levers while committing substantial funding to renewable energy projects across the continent.
Balanced Energy Approach for African Development
As Africa contends with persistent energy poverty and climate challenges, Standard Bank is advocating for a pragmatic energy transition that harnesses both fossil fuels and renewables to fuel inclusive growth, according to reports from the financial institution. The bank’s approach reportedly rejects choosing between energy sources in favor of a balanced strategy that addresses immediate development needs while progressing toward climate goals.
