Midrand, 15 July 2024 – The Development Bank of Southern Africa (DBSA) proudly announces its participation in the Africa Energy Sector Inward Buying and Investment Mission from 15 to 19 July 2024. The Bank will host the first leg in collaboration with Department of Trade, Industry and Competition (DTIC) at the DBSA campus in Midrand. The second leg of the Inward Buying Mission will consist of the signing ceremony of the Sosian Geothermal deal and the Financial Conclave amongst other activities at Cape Town.
The Inward Buying Mission event will bring together 40+ delegates from 10 African countries to Johannesburg and Cape Town, aiming to explore South Africa's energy capabilities and project opportunities across the continent.
Hosted by the South African Electrotechnical Export Council (SAEEC) with support from the Department of Trade, Industry and Competition (DTIC), Export Credit Insurance Corporation (ECIC), and DBSA, the mission aligns with the operational phase of the African Continental Free Trade Area (AfCFTA), facilitating new export opportunities and intra-African trade.
As guest were welcomed, DBSA spokesperson said, “by facilitating intra-African trade and collaboration, we aim to drive transformative growth and the relevant solutions across the energy sector."
The Inward Buying Mission is a forum designed to exchange energy-related information and expertise with across African nations and partners, promoting sustainable energy development throughout the continent. The aim is to equip African energy leaders with the knowledge and resources they need to meet their respective energy needs and targets.
"We are thrilled to host the Africa Energy Sector Inward Buying and Investment Mission with the DTIC, which highlights our commitment to fostering sustainable energy development across the continent. This mission provides a unique platform for African energy leaders to gain critical insights and access resources necessary to meet their energy goals,” added the spokesperson.
As one of the leading financiers in Africa, the Bank employs a proactive approach in procuring funds for infrastructure development projects in the energy sectors in South Africa, including for generation, transmission, and distribution. This year, the Bank’s focus will be heavily focused on leveraging funding from diverse investors to support energy infrastructure projects that align with the National Development Plan 2030 and the Sustainable Development Goals.
Delegates will explore renewable energy projects through a newly published database featuring over 1,200 projects worth approximately US$249 billion while Industry leaders will discuss increasing intra-African trade and sustainable energy development.
Keynote address for the first day on 15 July was delivered by the Department of Trade, Industry and Competition Deputy Director General, Exports Ms Lerato Matoboge. Closing off the day, there will be site visits at Gauteng manufacturers, South African Renewable Energy Technology Centre, ABB, ACTOM, SARATEC and ENERGI.
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The DBSA is a leading Development Finance Institution (DFI), wholly owned by the government of South Africa. Established in 1983, the DBSA is mandated to promote economic growth and regional integration by mobilising financial and other resources from national and international private and public sectors for sustainable development projects and programmes in South Africa, SADC, and the wider African continent.
For more information visit www.dbsa.org. Email: dbsa@dbsa.org