The Development Bank of Southern Africa (DBSA) signed a $293 million loan facility agreement with China Development Bank. The funding will support energy, infrastructure, water, health, and manufacturing projects on the continent. The agreement was signed on the sidelines of the BRICS summit in Brazil earlier this week. It is the first such cooperation between the two banks, and strengthens an emerging trend of Chinese development lending being increasingly aimed at regional development banks.
CGSP Staff
The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.
A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.
Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.
A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.
