Africa: ECA Chief Calls for Financial Instruments That Reflect Africa's Development Needs

Africa: ECA Chief Calls for Financial Instruments That Reflect Africa's Development Needs

Addis Ababa, -- Executive Secretary of the UN Economic Commission for Africa (ECA), Claver Gatete has urged a shift from rhetoric to results, calling for financial instruments that reflect Africa's development needs.

AfDB Approves $474.6M Loan to Power South Africa's Green Growth Drive

AfDB approves $474.6m loan for South Africa’s IGGGP

SA receives $474.6m infrastructure loan

SOUTH Africa has received a $474.6m loan from the African Development Bank to upgrade its transport and energy infrastructure, said Reuters citing the bank. The money adds to the $1.5bn loan South Africa agreed with the World Bank last month for a similar purpose, marking the second major infrastructure loan the country has been promised in recent weeks. For more than a decade, Africa’s most advanced economy has struggled to grow because of regu…

South Africa Gets $474.6 Million AfDB Loan for Green Growth

The Board of Directors of the African Development Bank Group (AfDB) has approved a $474.6 million loan for South Africa’s Infrastructure Governance and Green Growth Programme (IGGGP). This funding represents a crucial turning point in the country’s journey toward a sustainable, low-carbon economy. The IGGGP is the second phase of the Bank’s strategic assistance for South Africa’s Just Energy Transition. It builds upon the achievements of the $30…