14 C
Cape Town
Sunday, May 11, 2025

African Development Bank commits US$2.8 billion to South Africa at 4th Investment Conference

Published on

The African Development Bank (ADB) this week committed US$2.8 billion to South Africa at the 4th Investment Conference.

The pledge was made by the Bank’s President Akinwumi Adesina.

Adesina says the funds will be allocated toward public and private sector investments.

Audio Player

Adesina says the funds will be prioritised, over the next 5 years, towards the country’s most important economic sectors.

Audio Player

Read more here.

Related articles:

Latest articles

Kruger National Park: Mass Vulture Poisoning Sparks Largest-Ever Rescue

  In what is being described as one of the largest wildlife poisoning incidents ever recorded in Southern Africa, 84 vultures have been rescued following...

Process for new Pope begins

    A Mass for the Election of the Roman Pontiff at Saint Peter's Basilica on Wednesday kicked off the conclave proceedings. This is as cardinals...

Outrage as ‘Blue Light Mafia’ Officers Acquitted

  The Chairperson of Parliament’s Police Committee Ian Cameron has condemned the acquittal of eight VIP Protection Unit officers – widely known as the #BlueLightMafia...