African Development Bank plans R10bn in loans to Eskom

The African Development Bank plans to lend South African power utility Eskom around R10-billion ($720-million) in 2019 and 2020, the bank's president Akinwumi Adesina said. "We plan to lend around $620-million for the Medupi power plant, and around $100-million for Eskom's transmission network, but that still needs to be approved by the board," said Adesina, whose bank is holding an investment forum in Johannesburg.