The efficiency of the disbursement reflects Transnet’s fulfilment of the Bank’s rigorous requirements for governance, the environmental stewardship, and social responsibility The African Development Bank has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country’s ports, railways and pipelines. This disbursement is the first in a series of four tranches planned for an unparalleled financing arrangement to support Transnet’s business’s recovery plan. Approved by the Bank’s Board of Directors five months ago, this funding underpins a recovery plan to address…
Read MoreAfrican Development Bank Accelerates Private Sector Support with Initial Disbursement of USD 1 Billion Loan to Transnet
