AfDB Approves $1 Billion Loan to Boost Transnet
The African Development Bank Group (AfDB) has sanctioned a ZAR 18.85 billion ($1 billion) loan to Transnet, South Africa’s state-owned freight transport and logistics company, to support its recovery and growth initiatives. This 25-year loan, fully backed by the South African government, is a cornerstone of Transnet’s comprehensive five-year capital investment plan, valued at R152.8 billion ($8.1 billion). This plan aims to rejuvenate and expand the nation’s […]

By Krishna Jha In India today, the number of unemployed especially in the working age has gone up to more than forty crore out of the population of one billion. The demon of deprivation stares at every unit of families. With occasional employment, life is barely sustained. The ruling circle never gets tired of claiming […]



Prime Minister Rishi Sunak’s last-minute attempt to sway voters fell short as his Conservative Party lost the UK general elections. Ahead of voting, the Conservatives warned voters that opting for Labour would lead to higher taxes. Led by Keir Starmer, the Labour Party has crossed the majority mark of 326 in the 650-member House of […]

