The China Development Bank (CDB) and the Development Bank of Southern Africa (DBSA) Strengthen Infrastructure Cooperation through 293 Million-dollar Credit Line
On the 8th of July 2025 the China Development Bank (CDB) and the Development Bank of Southern Africa (DBSA) signed a 293 million USD (2.1 billion RMB) loan facility agreement on the margins of the annual meeting of the BRICS Interbank Cooperation Mechanism in Brazil.
The facility is the first financing cooperation between the two banks, and will be used to support infrastructure, energy, ICT, water, health, and manufacturing projects across Africa.
“This agreement marks a new stage in our cooperation” stated President Tan Jiong.
Both banks are members of the BRICS Interbank Cooperation Mechanism. This agreement is a practical measure to help upgrade financial, economic and trade cooperation among BRICS countries and promote the all-round strategic partnership between China and South Africa. It follows on the ‘Ten Major Partnership Actions’ announced by China at the Beijing Summit of the Forum on China-Africa Cooperation in 2024, and the shared vision of China and Africa to advance modernisation and build an all-weather community with a shared future.
“We sign this line of credit with our partner CDB to advance our ambition. An ambition that carries a profound weight of future responsibility, for we are enabling unwritten chapters of our future through the sustainable infrastructure that we build today,” stated Boitumelo Mosako DBSA Chief Executive Officer.
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About CDB
CDB is the largest bank for infrastructure investment and financing in China and a main bank supporting projects under China’s Belt and Road Initiative. CDB is committed to promoting investment and financing cooperation with developing countries around the world.
Africa has always been an important region for CDB. CDB will spare no effort to implement the ‘Ten Major Partnership Actions’, and focus on providing funding support for Africa in Infrastructure, energy, power and green development areas.
About the DBSA
The Development Bank of Southern Africa is one of the leading development financial institutions on the continent. Our primary purpose is delivering impactful development finance solutions that ignite transformative change in South Africa and on the rest of the African continent. Improving the quality of life of people in Africa is the fundamental focus of our development impact. We aim to bend the arc of history towards shared prosperity through multifaceted investments in sustainable infrastructure and human capacity.
Our product solutions span all phases of the infrastructure development value chain from infrastructure planning and project preparation, across a range of financing and non-financing investments to infrastructure implementation and delivery. Our primary areas of focus include Energy, ICT, Transport, Water and Sanitation. Our secondary area of focus includes Education, Housing and Health.
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For more information visit www.dbsa.org. Email: dbsa@dbsa.org