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Government-owned | |
Industry | Finance |
Founded | 1983 |
Headquarters | Johannesburg, South Africa |
Key people
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Malusi Gigaba (Governor) Patrick Dlamini (CEO) |
Products | Banking |
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Number of employees
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600 |
Website | www.dbsa.org |
The Development Bank of Southern Africa (DBSA) is a development finance institution wholly owned by the Government of South Africa that seeks to "accelerate sustainable socio-economic development and improve the quality of life of the people of the Southern African Development Community (SADC) by driving financial and non-financial investments in the social and economic infrastructure sectors".
Established in 1983, the DBSA's primary purpose is to promote economic development and growth, improve the quality of lives of people and promote regional integration through infrastructure finance and development.
At the core of its mandate, the DBSA seeks to play a catalytic role in delivering developmental infrastructure in South Africa and the rest of Africa. The Bank's focus areas are the energy, water, transport and telecommunications sectors, with a secondary focus on health and education. The DBSA is actively involved in all phases of the infrastructure development value chain and plays a key role in infrastructure project preparation, project funding as well as infrastructure implementation and delivery.
The ultimate vision of the DBSA is to achieve a prosperous and integrated resource-efficient region, progressively free of poverty and dependency. Through infrastructure development, the Bank attempts to make a meaningful contribution towards people's social and economic upliftment, while also promoting the sustainable use of scarce resources. The promotion of regional integration through infrastructure is a key pillar of Africa's growth agenda and the DBSA plays an integral role in support of this objective by actively participating in programmes such as the South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and the Programme for Infrastructure Development in Africa (PIDA) Priority Action Plan.