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Fixing Eskom is about more than South Africa, AfDB says

South Africa’s struggling power utility must be fixed because energy security in the region largely depends on it, according to the African Development Bank (AfDB). Eskom Holdings, which is buckling under R450-billion of debt, is “too big to fail” because it powers Africa’s most-industrialized economy and much of the region, AfDB president Akinwumi Adesina said in an interview Sunday in Johannesburg.

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