Guinea, South Africa Win AfDB Loans

The African Development Bank has approved million-dollar loans for various projects in Guinea and South Africa.

On Wednesday (May 18) AfDB green-lighted a $150 million loan for the Kalagadi manganese mining project; the bank’s first-ever mining beneficiation and industrial project in South Africa.

The bank’s board of directors also approved a $30 million loan for economic and financial reform initiatives in Guinea, according to an AfDB news release.

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About the author

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    Louie-An Pilapil

    Louie-An is a former senior development analyst at Devex Manila. She has held consulting and editorial positions at the Asian Development Bank in Manila and a business-to-business media company in Hong Kong and mainland China.