Africa UpdateAfrica Update

The Board of Directors of the New Development Bank approves a loan of up to $1 billion to South Africa for financing water and sanitation infrastructure development

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Last week, the Board of Directors of the New Development Bank (NDB), concluded its 44th Meeting in Cape Town, South Africa, ahead of NDB's Ninth Annual Meeting of the Board of Governors under the theme "Investing in a Sustainable Future".

NDB Board of Directors approved a loan of up to one billion US Dollars to South Africa for financing water and sanitation infrastructure development under the Municipal Infrastructure Grant of the Government of South Africa.

Thami Ngubeni spoke to Thabo Rakoloti, Acting Director-General for the Africa Regional Centre of the New Development Bank.

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