Frequently Asked Questions: Page 2 of 4

  • for the efficient and optimal use of development finance for projects at both the national and the regional level;
  • Help to corporatise and privatize financially sound DFIs; and
  • Encourage DFIs to take cross-shareholdings in each other.

 

 

Who are the DFRC members?

BotswanaLesotho
  • Botswana Development Corporation

  • National Development Bank

  • Citizen Entrepreneurial Development Agency

  • Lesotho National Development Corporation
  • Basotho Enterprise Development Corporation
 
MalawiMauritius
  • Malawi Development Corporation
  • Development Bank of Mauritius
NamibiaSouth Africa
  • Agricultural Bank of Namibia
  • Development Bank of Namibia
  • National Housing Enterprise
  • Development Bank of Southern Africa
  • Industrial Development Corporation
  • Land and Agricultural Bank
SwazilandTanzania
  • Swaziland Development and Savings Bank
  • Swaziland Development Finance Corporation
  • Swaziland Industrial Development Company
  • National Development Corporation
  • Small Industries Development Organization
  • Tanzania Investment Bank
TanzaniaZimbabwe
  • Development Bank of Zambia

 

 

  • Agricultural Bank of Zimbabwe
  • Industrial Development Corporation
  • Small Enterprises Development Corporation
  • Infrastructure Development Bank of Zimbabwe

 

How do the DFRC and the DFI Network fit into the SADC Structures?

The SADC Committee of Ministers responsible for Finance & Investment (COMFI) is a permanent committee of the SADC Integrated Committee of Ministers (ICM) which reports through to the SADC Council of Ministers. Figure 1 below sets out this relationship diagrammatically. COMFI is supported by the Committee of Senior Treasury Officials and the Committee of Central Bank Governors. The DFI Subcommittee is comprised of all national DFIs in SADC member countries, is a subcommittee of the Senior Treasury Officials, and reports through them to COMFI.

 

The DFIs, through the DFRC, enjoy a functional relationship with the SADC Secretariat. Their main interface is through the Directorate for Trade, Industry, Finance and Investment (TIFI). However, strong operational links are being developed with the Infrastructure & Services and Food, Agriculture & Natural Resources Directorates (FANR).

 

What is the DFRC’s relevance to SADC, NEPAD and African Union Strategies?

Development finance and DFIs will continue to play an important role in the SADC region for the foreseeable future. DFIs are especially important players for the provision of long-term capital for development projects (especially for infrastructure), for stimulating industrial development and value-adding, promoting entrepreneurship and private sector development, trade finance, capital markets development through facilitating privatization of state-owned assets (e.g. in power, telecommunications, water supply, transport and mining), technological advancement, financing of agricultural development, microfinance and gender credit and support.

 

These intervention areas are critical for the successful achievement of regional integration and co-operation in SADC, and have been highlighted