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African Development Bank Approves ZAR 18.85 Billion ($1 Billion) Corporate Loan for Transnet’s Business Recovery Plan

Source link : https://www.afric.info/2024/07/22/news/african-development-bank-approves-zar-18-85-billion-1-billion-corporate-loan-for-transnets-business-recovery-plan/

The African Development Bank Group has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully guaranteed by the government of South […]

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Author : AFRICA-NEWS

Publish date : 2024-07-22 16:34:49

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