South Africa's Public Investment Corp., the continent's largest money manager, in collaboration with the Development Bank of Southern Africa and the Industrial Development Corp., has pledged $37 million to a fund aimed at financing green-hydrogen projects. The SA-H2 fund is managed by a partnership between Climate Fund Managers and Invest International, with the Development Bank of Southern Africa and the Industrial Development Corp. contributing $10 million each and the Public Investment Corp. investing $17 million. The fund seeks to support various regional projects focusing on green hydrogen, a clean-burning fuel considered a potential alternative to natural gas. Notable projects include a green-ammonia production facility in the Eastern Cape province, with financial close expected by the end of 2026 and commercial operations set to commence in 2029. South Africa is actively pursuing green energy initiatives to create job opportunities and drive economic growth. President Cyril Ramaphosa highlighted the importance of integrating renewable energy and hydrogen technologies with industrial development to support the country's energy masterplan. The commitment from key financial institutions and the government indicates a positive shift towards sustainable energy solutions and job creation in South Africa's energy sector.