New Development Bank key to global trade transformation, African growth, says Dr Iqbal Survé

The New Development Bank (NDB) plays a pivotal role in global trade and Africa’s development, Independent Media chairman Dr Iqbal Survé said in an interview with IOL ahead of the NDB’s annual meeting in Cape Town.

Dr Survé emphasised the bank's transformative potential, particularly for Africa and South Africa.

He highlighted the NDB's creation as a response to the limitations of traditional Western-dominated financial institutions. He believes that the NDB offers a more inclusive and flexible approach to financing...