The Development Bank of Southern Africa (DBSA) based in South Africa, is a national entity, specifically a development finance institution, with a mandate to finance both private and public sector activities at national and regional levels in Africa. DBSA provides sustainable infrastructure project preparation, finance and implementation support in order to improve the population’s quality of life, accelerating the sustainable reduction of poverty and inequity, and promoting broad-based economic growth and regional economic integration. DBSA primarily focuses on the water, energy, transport, and information and communication technology sectors. It offers secondary services at the local level in the health, education and housing sectors. Its environment and climate change portfolio for the financial year 2014/2015 was worth approximately US$ 530 million and included renewable energy, energy efficiency, biodiversity and sustainable land management projects. DBSA in partnership with the national environmental affairs department has established and manages a special fund as a national mechanism that aims to provide catalytic finance to facilitate investment in high-impact and sustainable green initiatives in the country in which it is based, as well as to support poverty reduction and job creation. DBSA sought accreditation in order to support the GCF in acting as a key contributor to innovative and risk-sharing approaches in projects that contribute towards low-carbon and climate-resilient development.
Environmental and social risk category
- Category C
- Category B
- Category A
- Intermediation 3
- Intermediation 2
- Intermediation 1
- Project management
- Grant award
News & Stories
GCF helps reduce renewable business costs in South Africa
07 Oct 2019 / The Green Climate Fund (GCF) will help drive down the price of renewable energy in South Africa by boosting the private sector’s investment in wind and solar power in a partnership with the Development Bank of Southern Africa (DBSA). GCF signed an agreement today with DBSA to reduce the cost of investing in South African renewables on the sidelines of GCF’s second Private Investment for Climate Conference.
GCF and DBSA partnership to boost climate investments in the Southern Africa region
22 Aug 2019 / The Green Climate Fund (GCF) and the Development Bank of Southern Africa (DBSA) signed an agreement today which will kick-off the programme to break market barriers and accelerate investments into climate projects.
Ministers call for successful GCF replenishment at HLPF
15 Jul 2019 / Panellists at the Green Climate Fund (GCF) high-level event at the UN High-level Political Forum on Sustainable Development (HLPF) in New York recognised the Fund’s critical role in helping developing countries meet their commitments under the Paris Agreement and called for an ambitious GCF replenishment.