KfW Development Bank Approves R3.8 Bn Loan to City of Johannesburg

Deal Summary

KfW Development Bank approved a loan of R3.8 bn (≈$200 M) to the City of Johannesburg to fund City Power and address the city's unfunded budget. The loan was announced on 27 May 2026 as part of the municipality's 2026/27 budget, aiming to bridge a cash shortfall and maintain essential services.