African Development Bank approves R2.2bn credit facility for DBSA
Funds to be used for Southern African energy, infrastructure and communications technology projects
20 December 2022 - 14:58
The African Development Bank (AfDB) has approved a R2.2bn line of credit facility for the Development Bank of Southern Africa [DBSA] earmarked for strategic projects in energy, infrastructure, and communications technology in Southern Africa.
The DBSA is a state-owned bank specialising in development loans. It is a pivotal agency in the government’s ambitious infrastructure drive which it hopes will reignite growth and help the country reduce the burden of poverty, unemployment and inequality...
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