South Africa’s IDC And African Development Bank Sign Loan Agreement To Ramp Up Industrial And Infrastructure Development In Africa

The African Development Bank and the Industrial Development Corporation of South Africa, have signed a US$100 million and ZAR 1.3 billion loan agreement to finance industrial and infrastructure projects in South Africa and other African countries. This facility will support IDC in delivering on its industrial mandate. The Agreement was signed during the African Investment Forum in Johannesburg. Speaking at the press briefing, Pierre Guislain, African Development Bank’s Vice President for Pr


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