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Title:
South Africa - Supporting the Transition to Green and Inclusive Industrialization of SADC: Industrial Development Corporation
Detail:
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.
Country:
South Africa
Source:
African Development Bank Group
Published Date:
25.11.2021
URL:
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Regions:
Africa Southern Africa Sub-Saharan Africa
Sectors:
Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Industry
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