Johannesburg, June 23, 2025 (AFP) - S.Africa secures $1.5 bn World Bank infrastructure loan

NAMPA / AFP

2025-06-23

South Africa said on Monday it had won a new $1.5 billion World Bank loan to revive its sluggish growth rate through reforms targeting rundown transport and energy infrastructure. Africa's most industrialised economy has struggled to build momentum since the 2008 global financial crisis, hampered by chronic power cuts and bottlenecks at the ports and on the freight rail network. The loan "marks a significant step towards addressing South Africa......

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