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


FILE – Akinwumi Adesina, President of the African Development Bank, smiles during an interview with The Associated Press in Lagos Nigeria, on March. 5, 2024. The African Development Bank said Thursday July 18, 2024 it had approved a $1 billion loan to South Africa’s state-owned rail and ports company, Transnet. (AP Photo/Sunday Alamba, File)

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