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South Africa : DBSA secures $100M from AFD
Publish Date : 21-Mar-2017
Development Bank of Southern Africa (DBSA) has received a $100-million credit facility from the Agence Francaise de Developpement (AFD), earmarked for energy, water, transport and information and communication technology infrastructure across Africa.
The DBSA plans to continue to advance development on the region by increasing access to development finance and catalysing infrastructure investments and, hence, effectively integrating and implementing sustainable development solutions.
The extension of infrastructure funding to the rest of Africa emerged as a new area of cooperation for AFD and DBSA, taking the cooperation to a "new level."
AFD CEO Remy Rioux said, "AFD wishes to support the growth of a strategic partner for the African continent by providing financial resources adapted to its needs, strengthening the operational partnership in the identification, prospecting and cofinancing with AFD and its private sector subsidiary Proparco, and strengthening DBSA's capacity to integrate climate change in its financing activity. This new credit line and expanded partnership with DBSA in favour of sustainable infrastructure financing is at the crux of our strategy in Africa. We aim to finance and exchange expertise on projects that enhance sustainable development goals."
