South Africa: African Development Bank Approves Zar 2.5 Billion Loan to City of Johannesburg for Critical Urban Infrastructure Development
[AllAfrica - Africa] - 2/07/2025
[African Development Bank (AfDB)] The Board of Directors of the African Development Bank Group has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank's first direct lending to a subnational entity in Africa.
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