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South Africa , Saturday 17 October 2026

African Development Bank approves $1B loan to South Africa's state-owned rail and ports company

Published on: Thursday 18 July 2024

African Development Bank approves $1B loan to South Africa's state-owned rail and ports company The African Development Bank said Thursday it had approved a $1 billion loan to South Africa's state-owned rail and ports company, Transnet. The 25-year loan was wholly guaranteed by the South African government and will help finance the first phase of a $8.1 billion investment plan for Transnet to improve the country's ailing rail and port infrastructure, the bank said.


News source: https://finance.yahoo.com/news/african-development-bank-approves-1b-131524518.html

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