South Africa
The New Development Bank (NDB) has approved $1 billion for South Africa's infrastructure upgrades.
The funds will support investment in the provision of essential urban services, including water supply and sanitation, electricity and solid waste management in eight South African municipalities, Reuters reported citing a statement from the the bank.
The benefiting municipalities are Johannesburg, Cape Town, Buffalo City, Ekurhuleni, eThekwini, Mangaung, Nelson Mandela Bay and Tshwane.
NDB was set up in 2015 by BRICS countries Brazil, Russia, India, China and South Africa.
It mainly lends to infrastructure projects such as energy, roads and ports.
South Africa's infrastructure gap was estimated at between $254-329 billion for 2022-2030, according to the bank.
01:08
South Africa's President calls for African nations to work together on migration
01:00
South African court pauses President Cyril Ramaphosa's impeachment process
01:48
South African, German foreign ministers hold talks in Pretoria
01:04
Ghanaians ask ICC to probe South Africa's anti-migrant violence
00:52
South Africa signs $1.5bn World Bank loan for infrastructure development
01:02
Nigeria and Ghana call on AU to address 'Afrophobic protests' in South Africa