The New Development Bank (NDB), which was established by the BRICS bloc, and the Trans-Caledon Tunnel Authority (TCTA) have inked a loan agreement for the implementation of phase II of the Lesotho Highlands Water Project (LHWP). The NDB will provide a project loan of 3.2 billion South African Rand (USD 173 million) to TCTA under the sovereign guarantee of South Africa.
Lesotho is a small…
South Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.
We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. To submit a press release today, contact us.
South Africana™ is part of GroupWeb Media Network. © 2026 GroupWeb Media LLC
