The situation in South Africa's steel industry has garnered attention following the announcement by ArcelorMittal South Africa Ltd. (Amsa) to postpone the closure of two key plants in Newcastle and Vereeniging. This decision is linked to a loan received from the Industrial Development Corp. (IDC) and the government's commitment to address ongoing issues in the sector.
The Ugandan Parliament has approved a significant move in the country's energy sector. To fulfill its obligations to electricity distributor Umeme Limited, Uganda plans to obtain a $190 million loan from Stanbic Bank. This development was confirmed by the Minister of Energy, Ruth Nankabirwa, on the social media platform X.
Marina Bay Sands Pte. has secured a multitranche loan amounting to SGD 12 billion (USD 9 billion), marking the largest such financing in the history of the city-state of Singapore. This move highlights confidence in the recovery of the tourism industry in Singapore following the pandemic.