DBSA is committed to financing the continent’s infrastructure development goals

The Development Bank of Southern Africa (DBSA) hosted Zambia’s Finance Minister, Honourable Felix Mutati and his delegation at the DBSA’s offices on Tuesday, 22 August 2017.

The DBSA’s, CEO Patrick Dlamini, hosted the Minister together with other key partners, namely the Land Bank, Industrial Development Corporation (IDC), Airports Company South Africa (ACSA) and private investors. The purpose of the Ministry’s visit to the DBSA was to focus discussions on infrastructure financing through Public Private Partnerships (PPPs) on the North-South Corridor and the Agricultural and Industrial Funds available for projects in the SADC region. More specifically, the Ministry wished to ensure a stronger and more efficient prospective partnerships between the Banks, Zambia and other South African investors.

The economic trajectory for Zambia is forecast to be positive and growing stronger as the country is enjoying entrenched democracy and political stability.

Hounarable Mutati noted that Zambia had removed subsidies on power and fuel, thereby improving the country’s fiscal position. It is envisaged by Zambia that the private sector investors, in collaboration with DFI’s such as the DBSA and other strategic partners, will take over already built infrastructure and invest into new green field projects.

“The DBSA is committed to financing the continent’s infrastructure development goals. We value partnerships such as this one to further accelerate our mandate on the continent, but especially in the SADC region.” Patrick Dlamini, CEO DBSA.

Source: DBSA