Global EditionASIA 中文双语Français
Business
Home / Business / Policies

China Development Bank signs $292m loan deal with African bank

By Wang Keju | chinadaily.com.cn | Updated: 2025-07-09 16:28
Share
Share - WeChat

China Development Bank has signed a 2.1 billion yuan ($292.5 million) loan agreement with the Development Bank of Southern Africa, the Chinese bank said in a news release on Wednesday.

The deal, inked during the BRICS Interbank Cooperation Mechanism annual meeting in Rio de Janeiro, Brazil, on Tuesday, will channel funding toward projects in sectors such as infrastructure, energy, information and communications, water, sanitation, and manufacturing, the bank said.

Boitumelo Mosako, CEO of Development Bank of Southern Africa, said that both sides will jointly promote sustainable infrastructure financing to bring a brighter future to Africa.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE