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South Africa Signs 405M NDB Loan for Infrastructure

South Africa secured a 405 million dollar loan from the New Development Bank. The funds will support a new hospital and a vital water supply scheme.

A general view of densely packed residential housing in Alexandra township in the foreground and the Sandton central business district, Johannesburg’s financial district widely referred to as the "richest square mile in Africa" in the background, in Johannesburg, South Africa, May 21, 2026. REUTERS/Siphiwe Sibeko

South Africa signed two loan agreements worth a combined $405 million with the New Development Bank during Friday morning trading to fund critical infrastructure. The financing supports a new tertiary hospital and a regional water supply scheme. The funding aims to expand specialized healthcare access and ease municipal water shortages.
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