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AFD in South Africa
Since 1994, the AFD has been active in South Africa with one primary objective: support and follow the development of any public policies aiming to narrow the social and economic gap facing the country’s previously disadvantaged people. In recent years, this objective has been further developed to include a clear sustainability goal, both on a local and global scale. As stipulated in the 2011-2014 Framework Partnership Agreement signed between the French and South African Governments in March 2011, the AFD will provide over €1 billion to South Africa between 2011 and 2014, targeting three priority sectors: infrastructural development (water, transport, energy), the promotion of sustainable and integrated urban development as well as the promotion of global public goods (energy efficiency, renewable energy development).
AFD Tools in South Africa
AFD Group involvement in South Africa has taken on various forms:
- AFD grants to fund development or technical assistance programmes, including grants by FGEF (the French Global Environment Facility),
- Medium- or long-term loans to companies, public (AFD) or private (Proparco, an AFD affiliate responsible for private sector financing), without State guarantee,
- Credit Lines offered to public and private banks,
- Loan guarantees by the AFD (ARIZ plan including individual or portfolio guarantees to SMEs[1]) to major South African banks,
- Equity or quasi-equity investments by Proparco,
- Training courses at the AFD training centre, the CEFEB[2], based in Marseille: diploma-based training, short-term or on-request seminars,
- Knowledge creation: support research initiatives such as the "African Programme on Rethinking Development Economics” (APORDE) and the “Centre for Carbon Capture and Storage".
- Seminars on strategic topics such as urban planning, housing and social cohesion in 2008, energy efficiency in the urban context (2009), or even the funding of social rental housing in 2011.
AFD Involvement in South Africa
Annual AFD involvement in South Africa has experienced a steady increase since 1994, which has been significantly highlighted in the last 5 years, reaching €422 million in 2010. Consequently, between 1994 and 2010, the cumulative commitment appropriations by the AFD in South Africa amounted to €1.7 billion, of which more than €1.3 billion were granted between 2006 and 2010, making the AFD South Africa’s second most important bilateral donor.
Social and affordable housing
Water
Biodiversity
Municipal sector support
- • A partnership with the city of Johannesburg to manage water usage by Soweto residents: funding of €90 million in 2 stages: an initial loan of €40 million in 2005 followed by a second loan of €50 million in 2011.
- • A loan, granted in 2006, to eThekwini (Durban) Municipality aimed at a €6 million project involving landfill waste methane-based electricity generation, currently in operation.
Energy
- • Participation amounting €142 000 in the funding of the Centre for Carbon Capture and Storage (South Africa CCS Centre).
- • In 2007, technical assistance, valued at €0.75 million, was provided to the Central Energy Fund (CEF), a public entity functioning under the country’s Department of Energy and responsible for the creation and funding of energy efficiency proj
- • A €120 million loan granted at the end of 2009 to 3 South African banks in order to promote environmental or ‘green’ credit line investments in the sectors involving renewable and efficient energy.
Transport
- • Two funding initiatives granted to ACSA, the managing company of all South African airports, aimed at upgrading the country’s international airports in preparation for hosting the 2010 World Cup. A ZAR950 million loan, equivalent to €85 milli
- • A €200 million loan granted in 2010 to TRANSNET, the company managing several modes of cargo transport (port and rail), for its extension of the Cape Town Port project.
Vocational training
Proparco projects
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South Africa
African Bank (2009): Level 2 subordinated loan of ZAR100 million
Capitec (2008): ZAR150 million loan
FirstRand bank (2010): €40 million loan
IDC (2009) : provision of several credit lines
Real People (2007) : convertible loan, completed conversion.
Real People (2010) : credit lines
GCR (2009) : acquisition of capital shareholdings
Grofin Capital (2009) : $10 million share in Grofin Capital funding• €500 000 granted to the National Empowerment Fund in 2009 to finance its management training programme in partnership with the Paris Chamber of Commerce and Industry.
Madagascar
BOA : loan followed by converted capital
I&P Capital II (2007): $5 million share in capital
NBM (2008) : acquisition of shares and guarantee amounting to €3 million
Malawi
Celtel Malawi (2007) : $3.5 million loan
Mozambique
Aquapesca (2005) : €8 million loan
BCI (2010) : $20 million credit line
Mozal (1998 and 2001): loans of $4.5 million, $18 million and $9.7 million
Polana (2009) : $9 million credit line
Sasol (2004) : €10 million loan
Mauritius
Bank One (2009) : $6 million subordinated loan
State Bank Of Mauritius (2010) : €50 million credit line
AfrAsia (2010) : acquisition of AfrAsia capital shareholdings
Mauritius Commercial Bank : major loan of $75 million. AFD share acquisition of €25 million.
Zambia
Zanaco (2008 and 2009): 2 credit lines amounting to $5 million and $12.5 million respectively
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