AfDB Disburses $1 Billion to Transnet for Infrastructure Recovery
The African Development Bank (AfDB) has made an initial disbursement of $1 billion to South Africa’s state-owned logistics company, Transnet, marking a key step in enhancing the continent’s infrastructure. This loan is part of a four-tranche financing agreement approved in mid-2023, supporting Transnet’s ZAR 152.8 billion ($8.1 billion) five-year plan to upgrade critical infrastructure. The funds will address operational issues and strengthen South Africa’s logistics sector, vital to regional and
