FP098
DBSA Climate Finance Facility
DBSA Climate Finance Facility
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.
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 - 1,860 days so far
FAA effective
20 Nov 2019
Disbursement - USD 3,000,000
02 Nov 2020
Disbursement - USD 610,000
02 Nov 2020
To be completed
10 Aug 2026 - 597 days to go
One region
- Africa
Four countries
Two priority groups
- Least Developed Countries
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing6% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 55,000,000 |
| Grant | USD 610,000 |
| Total GCF Financing |
|---|
| USD 55,610,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 55,000,000 |
| Co-Financing | Loan | USD 59,000,000 |
| Co-Financing | Grant | USD 610,000 |
| Co-Financing | Grant | USD 330,000 |
| Total Co-Financing |
|---|
| USD 114,940,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Development Bank of Southern Africa
Head, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
Climate Change Specialist, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
More contacts
National Designated Authority
Ministry of Energy and Meteorology
Director (a.i.) Lesotho Meteorological Services
Deputy Principal Secretary
Ministry of Energy and Meteorology Private Bag A91, Maseru, Lesotho
Ministry of Environment and Tourism
Environmental Commissioner
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Chief Conservation Scientist
Department of Forestry, Fisheries, and the Environment
Senior Policy Advisor: International Governance Management
Ministry of Tourism and Environmental Affairs
Principal Secretary
P.O. Box 2652, Mbabane, Eswatini
Documents
| Title | Type | Date |
|---|---|---|
| 2023 Annual Performance Report for FP098: DBSA Climate Finance Facility | Annual Performance Report | 18 Jun 2024 |
| 2020 Annual Performance Report for FP098: DBSA Climate Finance Facility | Annual Performance Report | 25 Mar 2021 |
| 2019 Annual Performance Report for FP098: DBSA Climate Finance Facility | Annual Performance Report | 01 Mar 2020 |
| 2019 Annual Performance Report for FP098: DBSA Climate Finance Facility | Annual Performance Report | 01 Mar 2020 |
| Gender assessment for FP098: DBSA Climate Finance Facility | Gender assessment | 10 Jan 2019 |
| Gender action plan for FP098: DBSA Climate Finance Facility | Gender action plan | 10 Jan 2019 |
| DBSA Climate Finance Facility | Approved funding proposal | 28 Nov 2018 |
| Environmental and social safeguards (ESS) report for FP098: DBSA Climate Finance Facility | Environmental and Social Safeguards report | 27 Sep 2018 |
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.