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 - 134 days so far

FAA effective

20 Nov 2019

Completed

20 Nov 2024 - 1,695 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 financing

InstrumentAmount
LoanUSD 55,000,000
GrantUSD 610,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 610,000
Co-FinancingGrantUSD 330,000
Co-FinancingLoanUSD 55,000,000
Co-FinancingLoanUSD 59,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
Send message

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint

Integrity issues

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

Accredited Entity

Development Bank of Southern Africa

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

National Designated Authority

South Africa

Department of Environmental Affairs

Nosipho Ngcaba
Director-General
Private Bag X447, Pretoria, 0001, South Africa
Phone +27 12 339 9007
Phone +27 12 359 3611
NNgcaba@environment.gov.za
Eswatini

Ministry of Tourism and Environmental Affairs

Constance 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

Petrus Muteyauli
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Jonathan Kamwi
Chief Conservation Scientist - Climate Change
Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Teofilus Nghitila
Environmental Commissioner
Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Lesotho

Ministry of Energy and Meteorology

Khomoatsana Tau
Principal Secretary
Private Bag A91, Maseru, Lesotho
Phone +266 22322334
Phone +266 62777703
Phone +266 58856403
khomoatsana@yahoo.com

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.