Treasury nudges DBSA into Africa

DBSA goes all out for Africa

sacu mapThe ability of Development Bank of SA (DBSA) to finance development in any national territory on the African continent and surrounding coastal island territory has been incorporated in a new draft Bill for public comment known as the Development Bank of Southern Africa Amendment Bill.

Cabinet  approved the Bill for early tabling in Parliament, the cabinet stating some months ago that the “main objects of the draft Bill was to propose amendments to the Development Bank of Southern Africa Act, 1997; to enable the extension of the operations of DBSA to any national territory on the African continent and its oceanic islands; to increase the authorized share capital of the Bank and enable further increases in such; to provide for the application of certain legislation to the Bank and to adjust the regulation-making powers.”

Whilst the Bill gives the powers for DBSA to move into Africa in a generic sense, it seems from the cabinet statement that adventures into sub-Saharan Africa only have been countenanced so far and little has been encouraged in territories well to the North.

For other articles on this subject, go to

http://parlyreportsa.co.za//uncategorized/clinton-says-it-should-be-easier-to-do-business-in-africa/

http://parlyreportsa.co.za//cabinetpresidential/get-sadc-free-trade-agreement-right-first-davies-warns/

 

 

 

 

 

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