https://newsletter.en.creamermedia.com
Africa|Energy|Financial|Projects|Renewable Energy|Renewable-Energy|Sustainable|Technology|Infrastructure
Africa|Energy|Financial|Projects|Renewable Energy|Renewable-Energy|Sustainable|Technology|Infrastructure
africa|energy|financial|projects|renewable-energy|renewable-energy-company|sustainable|technology|infrastructure

AfDB approves R2.2bn loan to DBSA

20th December 2022

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

Development finance institution (DFI) the African Development Bank (AfDB) group has approved a R2.2-billion line of credit to the Development Bank of Southern Africa (DBSA) to expand its portfolio with strategic projects in energy, infrastructure and communications technology in the Southern Africa region and elsewhere in Africa.

The DBSA is seeking to raise $1-billion (R19-billion) in funds over the next three years, to expand its portfolio and focus on clean and renewable energy, infrastructure, information and communications technology and social as well as women-owned projects in the Southern Africa Development Community region.

The facility will provide long-term funding to the DBSA, augmenting internally generated funds, as well as loans from other DFIs and commercial lenders.

The loan also advances three of the DBSA’s High Five priorities, namely to industrialise Africa, improve the lives of Africans and light up Africa.

The Southern Africa region has achieved relatively high levels of economic, financial and trade integration and cooperation.

The DBSA’s strategic priorities also align with those of the government of South Africa, including its National Development Plan and New Growth Path, in addition to the United Nation’s Sustainable Development Goals and Nationally Determined Contributions under the Paris Agreement.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

VISIT SHOWROOM 
Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (29/11/2024)
29th November 2024 By: Martin Creamer
Magazine video image
Magazine round up | 29 November 2024
29th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.39 0.489s - 284pq - 2rq
Subscribe Now