The R100 billion infrastructure promise made by President Ramaphosa to set up a fund in 2018 is gaining traction. Today,a Memorandum of Agreement was signed by government and the Development Bank of Southern Africa.
The Development Bank of Southern Africa is playing its part in the development of the continent, with the bank announcing a number of financing initiatives, as COVID-19 continues to ravage economies. In the latest project, DBSA has disbursed R4.5 billion in loans to South African metros. Joining CNBC Africa to discuss these projects is Mohan Vivekananda, Group Executive in Client Coverage & Origination at the DBSA.
The Development Bank of Southern Africa, alongside other development finance Institutions, are co-financing Ghana’s COCOBOD Syndicated Loan Agreement with a total of $600 million in a move aimed at boosting Ghana’s cocoa productivity. Mohan Vivekanandan, Group Executive, Origination and Client Coverage at The Development Bank of South Africa joins CNBC Africa for more.
The Development Bank of Southern Africa is bailing out SAA with a total amount of R3.5 billion, so what does this mean for the company's bonds. CNBC Africa is joined by Rashaad Tayob, Fund Manager, Abax Investments to find out what will unfold for DBSA.
Africa Investment Forum: DBSA, East African Community seek to boost infrastructure development with joint MoU
The East African Community (EAC) and the Development Bank of South Africa entered into a Memorandum of Understanding (MoU) at the Africa Investment Forum held in Sandton from 11 to 13 November. CNBC Africa’s Kopano Gumbi spoke to Kenneth Bagamuhunda, Director General, East African Community and Mohan Vivekanandan, Group Executive, Origination and Coverage at the DBSA about what the MOU entails.
Africa Investment Forum: DBSA, East African Community sign MoU for project development & implementation
The Development Bank of Southern Africa (DBSA) and the East African Community (EAC) have signed an MoU for project development and implementation. Key sectors will include IT, infrastructure and healthcare. CNBC Africa'a Kopano Gumbi spoke to Bernard Mono, Head of Finance at East Africa Development Bank and Mohan Vivekanandan, Group Executive, Origination and Coverage at the DBSA.
The Development Bank of South Africa (DBSA) is one of the seven founders of the Africa Investment Forum, which is underway in Sandton this week. Zodwa Mbele, Group Executive: Transacting, DBSA, told CNBC Africa’s Fifi Peters that the objective is to ensure that deals are done and that pledges made at the Forum move into implementation.
CNBC Africa's Kenneth Igbomor caught up with Mohan Vivekanandan, Group Executive for Origination and Client Coverage at the Development Bank of Southern Africa on the sidelines of the World Economic Forum in Cape Town and discussed DBSA's role in financing development projects on the continent.
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