AfDB Approves US$200 Million To IDC To Support Industrialisation Projects In Africa

The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$100 million and 1.3 billion South African Rands to the Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialisation projects in both South Africa and other Regional Member Countries (RMCs). IDC is South Africa’s pre-eminent development finance institution (DFI), owned by the South African government. Its mandate is to

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