African Development Bank approves loan worth around R8.4 billion for South Africa's Infrastructure Governance and Green Growth Programme.

The African Development Bank has approved a loan worth over four-hundred-and 70 million US dollars for (around R8.4 billion) South Africa's Infrastructure Governance and Green Growth Programme. The bank says this is an important step in the country's transition toward a sustainable and low carbon economy. The programme is the second phase of the bank's strategic support for South Africa's Just Energy Transition. It also builds on the success of the three-hundred-million-dollar energy governance and climate resilience programme approved in 2023.  Our reporter Khayelihle Khumalo has more