FP098

DBSA Climate Finance Facility

DBSA Climate Finance Facility

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion 20 Nov 2024
  • ESS Category Intermediation 2

Addressing critical market barriers in accelerating private sector climate investments to help four southern African nations achieve their Nationally Determined Contributions (NDCs).

The southern African region faces significant climate mitigation and adaptation challenges, including high vulnerability to extreme climate and rainfall fluctuations. Barriers to regional climate investments include a lack of affordable long-term financing, perceived financial and technology risks, high up-front capital costs and a lack of climate finance mechanisms.

The Development Bank of Southern Africa (DBSA) programme will be the first private sector climate finance facility in Africa using a pioneering green bank model. It will de-risk and increase the bankability of climate projects in order to crowd in private sector investment. Its successful implementation will prove that similar financial models can be replicated in other developing countries.

The programme has an estimated lifespan of 20 years.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
22,732
Indirect
443,652
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

16 Mar 2018 - 219 days

Funding proposal received

16 Mar 2018

Cleared by iTAP

05 Jun 2018

Cleared by GCF Secretariat

07 Jun 2018

Approved

20 Oct 2018 - 397 days

Approved by GCF Board

20 Oct 2018

Legal opinion on AE's Internal Approval

01 Aug 2019

FAA executed

22 Aug 2019

Under implementation

20 Nov 2019 - 699 days so far

FAA effective

20 Nov 2019

Disbursement - USD 3,000,000

02 Nov 2020

Disbursement - USD 610,000

02 Nov 2020

Completed

20 Nov 2024 - 1,129 days to go

One region

  • Africa

Four countries

Two priority groups

  • Least Developed Countries
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing6% disbursed

InstrumentAmount
LoanUSD 55,000,000
GrantUSD 610,000
Total GCF Financing
USD 55,610,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 610,000
Co-FinancingGrantUSD 330,000
Co-FinancingLoanUSD 55,000,000
Co-FinancingLoanUSD 59,000,000
Total Co-Financing
USD 114,940,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6485 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Development Bank of Southern Africa
Mr. Olympus Manthata
Head, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
Phone +27 11 313 5238
Olympusm2@dbsa.org
Mr. Muhammed Sayed
Climate Change Specialist, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
Phone +27 11 313 5240
muhammeds2@dbsa.org
More contacts

National Designated Authority

South Africa
Department of Forestry, Fisheries, and the Environment
Ms. Nomfundo Tshabalala
Director General
Phone +27 12 339 9007
DG@environment.gov.za
Ms. Shahkira Parker
Senior Policy Advisor: International Governance Management
Ms. Lucia Motloung
Mr. Zaheer Fakir
Eswatini
Ministry of Tourism and Environmental Affairs
Constance Z. Dlamini
Legal Advisor
P.O. Box 2652, Mbabane, Eswatini
Phone +268 2404 1718 / 6420
Phone +268 7606 3626 / 7624 8074
ceezet9@gmail.com
Namibia
Ministry of Environment and Tourism
Mr. Paulus Ashili
Mr. Timoteus Mufeti
Mr Petrus Muteyauli
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Lesotho
Ministry of Energy and Meteorology
Themba Sopeng
Principal Secretary
Private Bag A91, Maseru 100, Lesotho
Phone +266 223 223 34
Phone +266 62001873
sopengt@gmail.com
Mokoena France
Director (a.i.) Lesotho Meteorological Services
Phone +266 223 17250
Phone +266 59070225
mokoena.france@gov.ls

Documents

News + Stories

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.