African Development Bank gives $139 million loan to Johannesburg
The loan will be used on '100 carefully selected projects' seeking to modernise electricity, water and waste infrastructure, the Ivory Coast-based bank said in a statement. The African Development Bank on Tuesday approved a $139 million (R2,449,636,926) loan to South Africa's financial capital to upgrade its utilities, marking its first direct lending to a sub-sovereign entity. Johannesburg is home to Africa's richest square mile but certain areas have fallen into […]
