![South Africa's Transnet Secures $1 Billion African Development Bank Loan](/content/images/size/w600/2024/07/9702efaf-2620-4937-b4d6-8eebbbd4784b.png)
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South Africa's Transnet Secures $1 Billion African Development Bank Loan
The African Development Bank (AfDB) has approved a $1 billion loan to South Africa's state-owned rail and ports company, Transnet. The 25-year loan, guaranteed by the South African government, will help finance the first phase of an $8.1 billion investment plan aimed at improving the country'