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African Banking Corporation

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The Development Bank of Southern Africa ( DBSA ) is a development finance institution wholly owned by the Government of South Africa . The bank intends to "accelerate sustainable socio-economic development in the Southern African Development Community (SADC) by driving financial and non-financial investments in the social and economic infrastructure sectors".

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26-626: [REDACTED] African Banking Corporation bank note issued between 1900 and 1920 in the Transvaal The African Banking Corporation was a British overseas bank; its headquarters were in London but all its branches were overseas. Unusually, it was a consortium bank (i.e., other banks jointly owned it), rather than being owned by individuals. It operated primarily in South Africa . In 1920

52-508: A branch in Tangier . In 1892 ABC took over the banking operations in Lagos, Nigeria of shipping company Elder Dempster . George Neville of Elder Dempster became the branch manager, but within a year ABC wished to withdraw from Lagos. In 1893 ABC sold its branch in Lagos to the newly created Bank of British West Africa (BBWA), established by A.L. Jones and Elder Dempster. In 1894 ABC transferred

78-524: A new constitution subdivided it following the end of apartheid . The name "Transvaal" refers to the province's geographical location to the north of the Vaal River . Its capital was Pretoria , which was also the country's executive capital. In 1910, four British colonies united to form the Union of South Africa . The Transvaal Colony , which had been formed out of the bulk of the old South African Republic after

104-632: Is all the institutions which are required to maintain the economic, health, cultural and social standards of a nation or region. DBSA aims to address backlogs and expedite the delivery of essential social services in support of sustainable living conditions and improved quality of life within communities by supporting planning, financing and implementation support to non-municipal infrastructure projects including: Past projects include emergency repairs and maintenance in health facilities in Limpopo , Masimong Hostel refurbishment Public-private partnership (PPP) and

130-485: The Durban University of Technology (DUT) student village. Economic or hard infrastructure is all infrastructure necessary for the functioning of a modern industrial nation. DBSA aims to address capacity and bottleneck constraints in order to optimise economic growth potential by supporting the following sectors: Past projects include the !Ka Xu Concentrated Solar Power Project. Social or soft infrastructure

156-658: The Golden Lions (formerly Transvaal ) formed in 1889. The Orlando Pirates Football Club was founded in 1937 and was originally based in Orlando, Soweto and Kaizer Chiefs were founded in January 1970. In the same year, Mamelodi Sundowns F.C. originated from Marabastad, a cosmopolitan area north west of the Pretoria CBD in the early 1960s. Cricket teams from the former Transvaal include Transvaal (later Gauteng ) which represented

182-717: The Second Boer War , became the Transvaal Province in the new union. Half a century later, in 1961, the union ceased to be part of the Commonwealth of Nations and became the Republic of South Africa . The PWV (Pretoria- Witwatersrand - Vereeniging ) conurbation in the Transvaal, centred on Pretoria and Johannesburg , became South Africa's economic powerhouse, a position it still holds today as Gauteng Province. In 1994, after

208-702: The United Nations ’ Transforming our World: the 2030 Agenda for Sustainable Developmen t, and is accredited by the Global Environment Facility and the Green Climate Fund . In line with the agreements from COP21 , the DBSA also supports business innovation and aims to expand the emerging green economy . The DBSA supports the South African government in leveraging skills and capabilities to accelerate

234-692: The Vaal River in the south, and the Limpopo River in the north, roughly between 22 + 1 ⁄ 2 and 27 + 1 ⁄ 2 S, and 25 and 32 E. To its south it bordered with the Orange Free State and Natal provinces, to its west were the Cape Province and the Bechuanaland Protectorate (later Botswana ), to its north Rhodesia (later Zimbabwe ), and to its east Portuguese East Africa (later Mozambique ) and Swaziland . Except on

260-679: The sustainable management of limited resources. Promoting regional integration through infrastructure is a crucial aspect of Africa's growth agenda, and the DBSA supports this objective. The bank participates in initiatives such as the South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and the Programme for Infrastructure Development in Africa (PIDA) Priority Action Plan. Partnerships are crucial for

286-569: The 20th century Trading companies established in the 19th century Trading companies of the United Kingdom Transvaal Province The Province of the Transvaal ( Afrikaans : Provinsie van Transvaal ), commonly referred to as the Transvaal ( / ˈ t r ɑː n s v ɑː l , ˈ t r æ n s -/ ; Afrikaans: [ˈtransfɑːl] ), was a province of South Africa from 1910 until 1994, when

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312-628: The Accelerated Schools Infrastructure Delivery Initiative. In 2024, DBSA established its biodiversity fund with an initial allocation of 50 million rand from the Green Fund, which was initially funded with 1.1 billion rand by the South African government’s environment department. The fund aims to enhance biodiversity, addressing the relatively slow pace of investment in this area compared to climate initiatives. DBSA plans to seek additional funding from entities like

338-625: The DBSA, and the bank has formed strategic relationships with both global and regional institutions, including the International Development Finance Club (IDFC), SADC's Development Finance Resource Centre (DFRC), the Association of African Development Finance Institutions (AADFI), and the World Economic Forum's Sustainable Development Investment Partnership (SDIP). The DBSA manages and implements funds that facilitate

364-469: The Global Environment Facility and private investors to expand the fund's scope. This initiative aligns with DBSA's commitment to promoting environmental sustainability alongside economic growth through eco-conscious infrastructure projects. Additionally, DBSA issued a white paper to guide investors on incorporating biodiversity considerations into their financial strategies, underscoring

390-631: The South African landscape. Districts of the province and population at the 1991 census. The province was divided into a number of sporting teams. These teams were renamed after the Transvaal became defunct, however their traditional territories have remained unchanged in many cases, even though they overlap the boundaries of the Transvaal's successor provinces. Examples of this include the Blue Bulls (formerly Northern Transvaal ), which governs rugby in Pretoria (now part of Gauteng) and Limpopo Province, and

416-1663: The Standard Bank in South West Africa. Cape Town: W.J. Flesch & Partners. ^ Terry, Carolyn. 1978. The Desert Bankers: The Story of the Standard Bank in South West Africa. Cape Town: W.J. Flesch & Partners. v t e Banks of South Africa [REDACTED] Central bank South African Reserve Bank Big four commercial banks Absa First National Bank Nedbank Standard Bank Investment banks Investec Rand Merchant Bank Other African Bank Bidvest Bank Capitec Bank Development Bank of Southern Africa FirstRand Grindrod Bank Imperial Bank South Africa Land and Agricultural Development Bank of South Africa Postbank Sasfin Bank Ubank Defunct 20Twenty African Banking Corporation Allied Bank Colesberg Bank NBS Permanent Bank Saambou Trustbank United Bank VBS Mutual Bank Volkskas Retrieved from " https://en.wikipedia.org/w/index.php?title=African_Banking_Corporation&oldid=1152153550 " Categories : Defunct banks of South Africa British overseas banks Banks established in 1890 Banks disestablished in 1920 History of Lagos British companies disestablished in 1920 British companies established in 1890 Trading companies disestablished in

442-446: The Transvaal Province was subdivided into regions for a number of purposes (such as municipal and district courts, and sporting divisions). These divisions included Northern Transvaal (present-day Limpopo and Pretoria), Eastern Transvaal (currently Mpumalanga ), Western Transvaal (currently part of North West Province ) and Southern Transvaal (now Gauteng Province, but which also includes Pretoria). The Transvaal province lay between

468-712: The bank was bought out and merged with Standard Bank of South Africa . History [ edit ] In 1890 Lloyds Bank , National Provincial , Westminster , and Standard Bank of South Africa established the African Banking Corporation (ABC). ABC began its operations with a branch in Lagos , Nigeria . In 1891 ABC acquired a number of banks in South Africa ;: Western Province Bank (est. 1847), Kaffrarian Colonial Bank (est. 1862), and Worcester Commercial Bank (est. 1850). That same year, it also established

494-794: The branches in Lagos and Tangier to BBWA. In 1900, or possibly shortly thereafter, ABC established an agency in New York. In 1915 ABC established a branch in Lüderitz Bay , South-West Africa , as South Africa took over German South-West Africa , but closed it the next year. In 1920 ABC opened a branch in Windhoek , South-West Africa, but later that year Standard Bank of South Africa acquired ABC. References [ edit ] ^ Orbell, John, and Alison Turton. 2001. British Banking: A Guide to Historical Records . (Aldershot: Ashgate). ^ Terry, Carolyn. 1978. The Desert Bankers: The Story of

520-509: The fall of apartheid , the former provinces were abolished, and the Transvaal ceased to exist. The south-central portion (including the PWV) became Gauteng , the northern portion became Limpopo and the southeastern portion became Mpumalanga . Most of the North West came from the southwestern portion of the old Transvaal, and a tiny segment of the Transvaal joined KwaZulu-Natal . Even before 1994,

546-474: The implementation of infrastructure programmes in the key priority sectors of education, health and housing, as well as various municipal infrastructure programmes. DBSA has been collaborating with French DFI, AFD since 1994. The DBSA provides planning, financing and implementation support to municipalities in sectors that include water and sanitation, electricity, roads and houses. Supported municipal programmes include Tshwane Rapid Transit and financing

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572-413: The infrastructure development value chain , including project preparation, funding, implementation, and delivery. The DBSA aims to support the development of a prosperous and integrated region that is resource-efficient and increasingly independent of poverty and dependency. The bank focuses on infrastructure development as a means to improve social and economic conditions. Additionally, it advocates for

598-662: The preparation and development of infrastructure projects aimed at regional integration. It handles these responsibilities on behalf of national and international partners. Notable examples include managing SADC's Project Preparation Development Facility (PPDF) and the Infrastructure Investment Programme for South Africa (IIPSA) on behalf of the European Union . The DBSA operates in alignment with various international, regional, and local policies, accords, and agreements to fulfill its mandate. The bank aligns with

624-539: The quality of life for individuals and facilitate regional integration through investments in infrastructure and development financing. The DBSA's mandate emphasizes its role in facilitating developmental infrastructure in South Africa and other parts of Africa. The bank primarily targets the energy , water , transport and telecommunications sectors, while also addressing health and education as secondary areas of focus. The DBSA participates in various stages of

650-521: The south-west, these borders were mostly well defined by natural features. Several Bantustans were entirely inside the Transvaal: Venda , KwaNdebele , Gazankulu , KaNgwane and Lebowa . Parts of Bophuthatswana were also in the Transvaal, with other parts in Cape Province and Orange Free State . Within the Transvaal lies the Waterberg Massif , a prominent ancient geological feature of

676-464: The southern parts of the province, and Northern Transvaal (later Northerns ) that represents the northern parts of Gauteng, including Pretoria, as well as areas further north. 25°S 30°E  /  25°S 30°E  / -25; 30 Development Bank of Southern Africa The Development Bank of Southern Africa is a South African development bank that focuses on promoting economic development and growth , It aims to improve

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