Johannesburg, 11 August 2022. The DBSA (Development Bank of Southern Africa) recently welcomed a ministerial delegating from the Union of Comoros to explore cooperation in infrastructure development.
The delegation from the Union of Comoros was led by the island nation’s Minister of Agriculture, Fisheries, Environmental Affairs and Tourism, His Excellency Houmed M’Saide. They were hosted by the South African Ambassador to the Union of Comoros, His Excellency Ambassador Mbulelo Bungane, the DBSA’s Chief Financial Officer, Boitumelo Mosako alongside other DBSA group executives. The delegation discussed cooperation in the development of a requisite funding model on the island nation’s 2030 Emergence plan that aims to shift them out of the ‘least developed countries’ status.
Whilst the cooperation is still in its early stages of deliberation, the DBSA has expressed interest to support the Union of Comoros in delivering impactful bilateral development finance solutions. These interventions will see to the rehabilitation and overall economic development of the island nation’s infrastructure, including but not limited to road construction, water, sanitation, tourism, and energy.
“We are honored to be in South Africa, promoting the Union of Comoros as a land of investment and want to forge a long-standing relationship with the DBSA to help us shift from being an underdeveloped country to a developed country,” said His Excellency, Minister M’Saide.
The potential cooperation with the Union of Comoros falls within the DBSA’s mandate in integrating Sub-Saharan Africa. The bank’s role in fostering that integration across the continent is through driving inclusive growth and ﬁnding innovative solutions that spur socio-economic development.
At the conclusion of the meeting, Boitumelo Mosako, said, “We are constantly working towards providing green infrastructure development and funding and we consider the Union of Comoros as a partner in this journey. We look forward to working together in the rehabilitation and development of infrastructure in the island nation. That is our purpose as the DBSA, to play a part in improving the quality of life for African citizens through infrastructure development that delivers tangible impact in people’s lives.”
About the Development Bank of Southern Africa (DBSA)
The Development Bank of Southern Africa (DBSA) is a leading development finance institution (DFI) in Africa. Established in 1983, the DBSA participates across the entire infrastructure value chain and provides planning, project preparation, financing, and implementation support for economic and social infrastructure in South Africa, SADC and the rest of the African Continent. The institution’s mission is to improve people’s lives, boost economic growth and promote regional integration through infrastructure development.
For more information, visit www.dbsa.org
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