|
|
Article: South Africa: Bank to boost its SADC portfolio.
- Article from:
- TendersInfo
- Article date:
- July 11, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: babalu03
The Development Bank of Southern Africa (DBSA) would increase its new investments in the Southern African Development (SADC) region by 20 percent a year over the next five years, Pieter de la Rey, the chief financial officer, said this week.
De la Rey said the bank had disbursed R2 billion of new investments to the SADC region in the current financial year.
The bank adopted a demand approach to investment in Africa and focused on regional integration and significant infrastructure development.
Reidwaan Wookay, the spokesman at the DBSA, said future investments would be in "all and any" SADC country.
"Our ...