Supporting Renewable Energy Projects in Southern African Countries
JBIC offered a credit line to the Development Bank of Southern Africa Limited (DBSA). This credit line, the first loan offering that JBIC has extended to Africa under GREEN (Global action for Reconciling Economic growth and ENvironmental preservation) operations, is intended to finance environment-related projects such as wind power, solar photovoltaic power generation, and other projects that harness renewable energy resources in the member countries of the Southern African Development Community. It is expected that this credit line will contribute to reduction of GHG emissions in Southern African countries. It is also expected to provide the opportunity to promote Japan's advanced environmental technologies, which are internationally acclaimed.
Following the Fifth Tokyo International Conference on African Development (TICAD V), JBIC launched the JBIC Facility for African Investment and Trade Enhancement (FAITH) to support private sector-driven economic growth and infrastructure development on the African continent. This credit line is provided as financial support under FAITH.