New Development Bank approves up to $1 billion loan for South Africa urban infrastructure

Source: MarketScreener | Original Published At: 2026-06-17 11:46:32 UTC

Key Points

• The New Development Bank (NDB) approved a loan of up to $1 billion for South Africa.
• Funds will upgrade urban infrastructure across eight metropolitan municipalities.
• Investments target essential services including water supply, sanitation, electricity, and solid waste management.
• Beneficiary municipalities include Johannesburg, Cape Town, Buffalo City, Ekurhuleni, eThekwini, Mangaung, Nelson Mandela Bay, and Tshwane.
• The NDB was established in 2015 by BRICS members to fund infrastructure and sustainable development in emerging markets.