South Africa - Fourth Line of Credit to DBSA - Development Bank of Southern Africa

The project involves the extension of a non-sovereign guaranteed line of credit of USD 100 million to support competitive infrastructure development, expansion, and rehabilitation in the SADC sub-region (excluding South Africa). DBSA will utilize at least 80% of the proceeds of the LOC to finance infrastructure projects in the sub-region. The major sectors include, without limitation, Energy, Transport, ICT, Water and Sanitation. The remaining proceeds of LOC will be utilized to finance infrastructure and related projects in the Manufacturing, Mining, Tourism and Financial services sectors within South Africa. A minimum of ten (10) infrastructure projects or a total of twenty five (25) infrastructure supportive projects are expected to be financed from the Line of Credit facility.