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Afreximbank commits $8 billion to bolster SA’s economy | SA News

By Nosihle Shelembe 

South Africa’s strategic partnership with the African Export–Import Bank (Afreximbank) has unlocked a US$8 billion commitment to drive industrial growth, create jobs, and strengthen the economy by adding more value to South Africa’s natural resources.

The commitment paves the way for expanding local manufacturing and mineral processing, investing in critical infrastructure such as energy, developing industrial parks and special economic zones, and improving access to regional and continental markets under the African Continental Free Trade Agreement (AfCFTA).

South Africa’s strategic partnership with the multilateral financial institution was advanced during the…

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