3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||1 Feb 2018|
|Customer:||Development Bank of Southern Africa|
|Amount in USD:||USD 100 million|
|Amount in EUR:||EUR 94.7 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided to finance projects in African countries that involve Nordic–Baltic interests and conform to NIB's mandate.
The Development Bank of Southern Africa (DSBA) is a fully state-owned development finance institution in South Africa with a regional mandate for operations in the countries of the Southern African Development Community. The bank’s mission includes advancing the development impact in the region by expanding access to development finance. The DBSA’s main product is long-term loans for infrastructure projects, particularly in such economic sectors as energy, transport, water and sanitation, as well as ICT.
The DBSA has already previously acted as an intermediary for an NIB loan programme totalling USD 30 million, which was agreed between the banks in 1998 and fully allocated to projects in Zambia and Mozambique.
Each allocation will be assessed for mandate fulfilment.
All projects considered for financing will be assessed for conformity with NIB’s and the DBSA’s environmental and social policies.