New Development Bank Approves $300 Million Loan for South African Energy Sector

The loan is aimed at decreasing the country’s dependence on coal

July 24, 2018

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New Development Bank (NDB), an initiative by BRICS (Brazil, Russia, India, China and South Africa) countries, has approved $300 million loan for sustainable development projects in South Africa.

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Nitin Kabeer

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New Development Bank Approves $300 Million Loan for South African Energy Sector

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