DBSA says $200m Lobito loan in line with regional integration strategy
South Africa’s State-owned Development Bank of Southern Africa (DBSA) says its $200-million funding contribution to a larger $753-million loan agreement with the Lobito Atlantic Railway (LAR) concessionaire is in line with its regional integration strategy.
The DBSA funding was confirmed at a signing ceremony in Washington DC on December 17, alongside a $553-million loan from the US International Development Finance Corporation (DFC).