Date: Nov 28, 2018

Eskom has entered into a loan agreement with the African Development Bank Group (AfDB) for a total of over R3 billion.

The power utility has confirmed the deal in a statement on its website.

It says the loan will be used to improve power transmission in Southern Africa.

“Eskom and AfDB have enjoyed a productive partnership since 2009 when the Bank approved the first facility in support of the utility’s capital expansion programme.

To read full article please click here