A deal to advance sustainable infrastructure is now in full swing. It was signed by the New Development Bank (NDB) and the Development Bank of Southern Africa (DBSA) to provide about USD 100 million to South Africa.
It is a loan agreement to finance clean and renewable energy, social infrastructure, and digital infrastructure projects.
Last week DBSA said in a statement that “this collaboration marks a continuation of their strategic partnership and supports South Africa’s economic resilience, environmental sustainability, and overall growth.”
It will contribute to socio-economic development, climate change mitigation, improved healthcare services, affordable accommodation, and enhanced digital connectivity.