DBSA Commits to Africa Climate Fund
Analysis based on 7 articles · First reported Apr 24, 2026 · Last updated Apr 24, 2026
The commitment by Development Bank of Southern Africa to the Infrastructure Climate Resilient Fund (ICRF), managed by Africa Finance Corporation, signals growing institutional alignment and investment in climate-resilient infrastructure across Africa. This initiative is expected to mobilize significant capital, potentially up to $3.7 billion, into critical sectors like renewable energy and transport, fostering economic stability and growth while mitigating climate risks for the entire continent of Africa.
The Development Bank of Southern Africa (DBSA) has committed R300 million to the Africa Finance Corporation's (AFC) $750 million Infrastructure Climate Resilient Fund (ICRF). This agreement, signed at The Africa We Build Summit in Nairobi, Kenya, on April 23, aims to accelerate climate adaptation finance and embed resilience measures across Africa's infrastructure lifecycle. The Infrastructure Climate Resilient Fund (ICRF), managed by AFC Capital Partners, addresses the continent's vulnerability to climate shocks, which cost Africa an estimated 2% to 5% of GDP annually. The fund has already attracted significant investors, including a $253 million commitment from the Green Climate Fund, the European Investment Bank, and the Nigeria — Nigeria Sovereign Investment Authority. Samaila Zubairu, President and CEO of Africa Finance Corporation, and Boitumelo Mosako, CEO of Development Bank of Southern Africa, emphasized the urgency of this partnership to pool resources and unlock private capital for climate-resilient projects in sectors such as renewable energy, transport, digital infrastructure, and industrial development.
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