The Board of Directors of the African Development Bank Group has approved a ZAR 2.2 Billion line of credit facility to the Development Bank of Southern Africa to build out its portfolio with strategic projects in energy, infrastructure, and communications technology within the Southern Africa region and across the African continent.
The facility will provide long-term funding to DBSA, augmenting internally generated funds as well as loans from other Development Finance Institutions and commercial lenders. The regional DFI is seeking to raise $1 billion (ZAR 19 billion) in funds over the next 3 years. As it seeks to expand its portfolio expansion, it will focus on clean and renewable energy, infrastructure, ICT, Social as well as women-owned projects in the SADC region. The loan was approved on 15 December 2022.
The Southern Africa region has achieved relatively high levels of economic, financial and trade integration and cooperation.
DBA has systemic importance as a DFI that provides credit to various sectors in Sub-Saharan Africa. The loan also advances three of the Bank’s High 5 priorities: Industrialize Africa, Improve the Lives of Africans and Light up Africa.
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 UN’s Sustainable Development Goals and Nationally Determined Contributions under the Paris Agreement. Lastly it aligns with the Bank’s strategy to support the development of financial institutions to play a meaningful role in Africa’s development.

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Final two of 10 new locomotives delivered to state rail operator CFM Move aims to support growing cross-border freight demand Part of...
Airline converts option for six Boeing 787-9 into firm order Aircraft to support intercontinental routes and growing cargo demand Part of...
Australia’s Ryzon to sell Nachu project to U.S.-listed Sow Good Deal values asset at about $107 million after years of delays Move...
Government prepares stockpile to absorb excess cobalt from export limits Surplus output continues to build despite quotas and restrictions Weak global...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...