$100-million loan for African infrastructure spending

The Development Bank of Southern Africa (DBSA) and the Agence Française de Développement (AFD) in March signed a $100-million loan agreement aimed at furthering the DBSA’s infrastructure financing activity across Africa. This flexible credit line will focus on DBSA’s four strategic sectors: energy, water, transport, and information and communications technology, with a particular focus on renewable energy and energy efficiency projects, partially owing to both entities’ commitment to supporting the resolutions made at the twenty-first Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change.