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Month: June 2018

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Me and my colleagues packing food parcels
DBSA choir rendering a special song.

 

 

 

 

 

 

 

In the spirit of the Mandela Month (July), DBSA decided to tackle the 2nd Sustainable Development Goal “Zero Hunger”. Staff members and children who are over 12 devoted 67 minutes of their time, to help with packing food parcels which will be donated. Last year, DBSA reached a target of 75 0000 meal packages. However, this year, the bank is being more ambitious, setting the target to 100 000 meal packages. The DBSA choir also rendered a special item in memory of Tata Mandela.

It is in our hands now to make the world a better place". We dare not fail.

-Nelson Rolihlahla Mandela

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DBSA board room

In the mist of my hectic schedule, doing corrections for my research proposal and finalising my literature review. Yesterday, I got an opportunity to attend the ‘Green Fund Management Committee for Funding’ meeting, which was held at DBSA. The meeting was chaired by the Director General of Department of Environmental Affairs. The DBSA Climate Finance Unit, the team that I am doing my masters internship with, was presenting project proposals that aim to address the impact of climate change in South Africa. The meeting was informative, it was evident to me that many local stakeholders in South Africa, are keen about combating climate change. Most of the projects were based on mitigation actions, particularly green energy some were about water treatment facilities and waste material recovery facilities. Climate finance is  definitely helping South Africa to play a role in the global climate action arena.

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Privet!

DBSA receives various funding from international donors such as;  European Union, KFW, Infrastructure Investment Programme for South Africa (IIPSA), Global Environment Facility (GEF), Green Environmental Fund (GCF) and other project preparation facilities. GEF and GCF provides funding for climate orientated projects, which benefit the public. The bank provides support to the SADC region and other priority countries outside the SADC region, through financial support in the form of grants, loans and equity.

Each country that receives funds from GEF and GCF, through DBSA has a focal point, which is usually a government entity, to ensure that projects funded are in line with the national strategy priorities.  In 2014, DBSA was accredited as a National Project Agency (NPA) for the Global Environment Facility (GEF), furthermore the bank is one of the 54 entities accredited to the GCF. The bank seeks resources from the GEF Council and GCF to fund climate projects, some projects funded still need to be prepared and be transitioned into projects which can be implemented, and some can be funded during the development and  implementation phases.

Parties who need funding can submit proposals, during the calling periods. Most of the projects which have been funded are based on renewable energy and the bank also funds ICT, water and transport projects under GCF finance mechanism.

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Finally started my research placement, at DBSA today! I received a warm welcome from the staff and they helped me to settle in. I’m looking forward to meeting my supervisor on Monday and discussing more details about my project… My colleagues have a different range of academic and cultural backgrounds, my internship at DBSA will definitely be a leaning journey.