AFD sets aside €1.3bn to support high social impact South African projects

French development financier Agence Française de Développement (AFD) expects to disburse €1.3-billion in funding support to South African projects in the coming five years as part of a newly approved operational strategy for the country. AFD says the funding will take the form of nonsovereign loans, grants for capacity building and technical assistance, as well as guarantees.