|Approval Date||26 Nov 2021|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||24030|
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.
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.
The beneficiaries of the project are the countries of the Southern African Development Community (SADC).
African Development Bank
|Last Update||16 May 2022|