Development Bank of Southern Africa approves R128 million in humanitarian assistance

Jul 7, 2022 | Announcements, Home Page, Markets, Snippets, South Africa

The African Development Bank (AfDB) has approved an additional €89 million in financing to support Kenya's economic recovery and improve the environment for infrastructure development.

The Development Bank of Southern Africa (DBSA) has approved R128 million in humanitarian assistance following the recent floods that devastated communities in KwaZulu-Natal and the Eastern Cape.

The Development Bank of South Africa funding

The Development Bank of Southern Africa (DBSA) has approved R128 million (approximately US$7.5 million) in humanitarian assistance to help improve service delivery, according to a July 2022 DBSA press release. The release said the aid is a response to the recent floods that devastated communities in KwaZulu Natal and the Eastern Cape, and specifically targets water and sanitation, housing and road infrastructure. As outlined in the DBSA press release:

“In KwaZulu Natal, the support will include replacement housing for displaced and vulnerable families, provision of clean water through the sinking of boreholes, water treatment packages, and water tankers, all worth over R79 million. In the Eastern Cape, the support will include water infrastructure, the provision of clean water, roads infrastructure, and replacement homes, all worth over R49 million“.  

How will the funding be used?

According to DBSA’s CEO, it is about adding value to our community by helping them rebuild their lives, especially for vulnerable households, the elderly and the disabled.

“We witnessed the devastation in the two provinces, and the follow-on impact to people’s lives of a complete stop to social and economic activity. We are hoping to help kickstart the rebuilding of our fellow citizens’ lives, complementing the government’s ongoing disaster relief activities. The funding is earmarked to help increase access to basic services such as clean water, electricity, community mobility, housing for vulnerable households headed by the elderly, children and differently abled people,” stated Patrick Dlamini, CEO of the DBSA.

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