Governments across the African continent and in particular the southern african part of this great continent have for the past decade or so been relentlessly advocating for regional economic integration. Peer organisations such as the Southern African Development Community (SADC) and the Common Market for Eastern and Southern African Economies (COMESA) have been at the heart of the advocacy efforts for this integration. These regional economic, social and political bodies have argued that by fostering the integration of Sub Saharan Africa, the region will be able to stimulate robust economic trade which will consequently lead to regional value chains and benefits for business and people.
However the dream of an economically integrated region can not be realised without a stable financial muscle behind it. One institution that has raised its tested hands in full support of this noble drive is the Southern African Development Bank (DBSA). The southern african development bank is a banking institution with roots in southern africa which has for years tried to accelerate sustainable socio-economic development by funding physical, social and economic infrastructure. This is done by expanding access to development finance.
The banks strategy seeks to generate investment in assets which are physical or human and institutional which support the poor and broad based-wealth creation through infrastructure and productive capital. The bank has also developed a programme of mobilising, developing, applying and sharing knowledge in support of greater development effectiveness, innovation and a stimulating and conducive development climate.
The role of the development bank of southern africa means the sub region has an institution that understands the demographics of the region, needy developmental areas and challenges, this knowledge gives this esteemed bank the ability to be in the driving seat of economic development efforts and integration in the region.
The development bank of southern africa is indeed a catalyst, integrator and strategic implementer of development finance for the southern african region.
DBSA can be contacted on 011 313 3911.