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Absa’s Mauritius Unit to Nearly Quadruple Green Loans by 2030

Bloomberg.com · last updated

Absa Mauritius plans to nearly quadruple funding for green projects by 2030 to support the island nation’s emissions reduction goals and efforts to mitigate climate change.

The lender, a unit of South Africa’s third-largest bank by assets, Absa Group Ltd., intends to increase green loans to 30 billion rupees ($664 million) from 8 billion rupees at the end of last year.

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