DBSA committed to funding infrastructure projects throughout SADC

With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to Development Bank of Southern Africa (DBSA) strategy group executive Mohan Vivekanandan. “There has, however, been a lot of progress regarding energy in the region,” he said, addressing delegates on Tuesday at the Southern African Development Community (SADC) Industrialisation Week, in Johannesburg.