South Africa - Supporting the Transition to Green and Inclusive Industrialization of SADC: Industrial Development Corporation


Project Summary

Approval Date 26 Nov 2021
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Environmental Category FI-B
Commitment U.A 35,616,023.65
Status Approved

Project General Description

The project to support the Transition to Green and Inclusive Industrialization of the SADC region intends to tilt the financial sector towards supporting women-led businesses while encouraging sustainable industrial practices. The Bank thus proposes a financing package to the Industrial Development Corporation of South Africa (IDC) composed of a ZAR 800 mln Line of Credit (LOCs) as well as an unfunded facility of up to ZAR 250 mln to the benefit of women-led industrial businesses. The project unlocks liquidity for the benefit of companies led by an underserved segment of the population. In addition, it supports companies with sustainable practices, i.e., contributing to the circular economies, in the targeted industries.

Project Objectives

The overarching goal of the project is to foster a Green and Inclusive Industrialization in the Southern African Development Community (SADC). As such, the project has the dual outcome of mainstreaming gender and advance its Climate Change Action Plan.

Beneficiaries

The beneficiaries of the project are the countries of the Southern African Development Community (SADC).

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-ZA-HAA-017
Last Update 03 Oct 2022

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country South Africa
Coordinates Location Name
-25.74486 28.18783 Pretoria