African Development Bank approves $288 mn virus loan to S.Africa

The African Development Bank on Wednesday approved a $288 million (249 million euro) loan to South Africa to help fight coronavirus and mitigate the economic fallout of the pandemic. “The board of directors of the African Development Bank (AfDB) has approved a loan of approximately R5 billion ($288 million) to the government of South Africa, as the country battles one of the largest COVID-19 caseloads in the world,” the AfDB said in a statement…