Multinational - Support to Sustainable Financing of Regional Infrastructure and Industrial Projects in SADC


Project Summary

Approval Date 20 May 2019
Signature Date 16 Aug 2019
Planned Completion Date 15 Apr 2022
Last Disbursement Planned Date 31 May 2021
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 73010
Commitment U.A 1,500,000
Status Implementation

Project General Description

The Support to Sustainable Financing of Regional Infrastructure and Industrial Projects in SADC is designed to support the sustainable financing of regional infrastructure and industrial projects. This contributes to the deepening of regional integration through the increase in the number of regional projects. It is in line with the regional integration and development programme of Southern African Development Community (SADC) which is guided by the revised Regional Indicative Strategic Development Plan (RISDP), covering the duration 2015 to 2020. The project is expected to: (i) increase number of priority regional infrastructure projects prepared to reach financial close (ii) enhance the capacity of SADC Countries to prepare and implement regional infrastructure projects (iii) increase in value addition within SADC in copper and cobalt mining. The project has three main components, namely: (a) Operationalisation of the SADC Regional Development Fund and development of Financial Instruments for resource mobilization; (b) Development of regional value chains in selected mining sectors and (c) Identification, categorization, and development of priority projects from SADC RIDMP.

Project Objectives

The objective of the project is to support sustainable financing of regional infrastructure and industrial projects in the SADC Region. The specific objectives include: (i) establishment of financing mechanism for regional projects including financial instruments, (ii) prioritising and developing of regional infrastructure projects, (iii) development of regional value chains in the mining subsectors of copper and cobalt, and (iv) capacity building in development of infrastructure and industrial project.

Beneficiaries

The project direct beneficiaries are: SADC Secretariat and SADC Member Countries (Angola, Botswana, Democratic Republic of Congo, ESwatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, United Republic of Tanzania, Union of Comoros, Zambia, and Zimbabwe).

Participating Organization

Funding
African Development Fund
Implementing
RTAF-SADC DFIS (SOVEREIGN OPERATION)

Information

IATI identifier 46002-P-Z1-KE0-025
Last Update 07 Oct 2019

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Contact Details

Name MOKATI-SUNKUTU Bokang Rosemary
Email r.mokati-sunkutu@afdb.org

Geographic Location

Country Multinational