PV Transact
PV Transact

China Development Bank provides US$292.5 million loan to DBSA for infrastructure investment

Google+ Pinterest LinkedIn Tumblr +

News flash

  • China Development Bank has signed a US$292.5 million loan agreement with the Development Bank of Southern Africa, the Chinese bank said in a news release on Wednesday.

The deal, inked during the BRICS Interbank Cooperation Mechanism annual meeting in Rio de Janeiro, Brazil, on Tuesday, will channel funding toward projects in sectors such as infrastructure, energy, information and communications, water, sanitation, and manufacturing, the bank said.

Boitumelo Mosako, CEO of Development Bank of Southern Africa, said that both sides will jointly promote sustainable infrastructure financing to bring a brighter future to Africa.

Author: Bryan Groenendaal

Share.

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.

Africa Energy Indaba