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ATA 28th Congress: Development Bank (DBSA) Plays Key Role in tourism and tourism projects

The Development Bank of Southern Africa has prioritized the tourism sector, as one of its'key development thrusts in the 14 SADC nations. In its triple role of investor, advisor and partner, the DBSA combines finance and knowledge to resolve development challenges, recognizing the contribution that tourism can make towards economic and social development, and the alleviation of poverty. Mr. Jacob de Villiers Botha, Executive Director, DBSA, hosted the opening dinner at the ATA 28th International Congress. Photo (from left) Mira Berman, Executive Director, ATA; Hon. Patrick Kalifungwa, Minister of Tourism, Zambia; Mr. Botha, DBSA; Hon. Zakia Hamdani Meghji, ATA President and Minister of Natural Resources and Tourism, Tanzania.

The DBSA aims to become a centre of excellence in Africa that can provide knowledge and expertise to its beneficiaries. As part of its triple role of investor, advisor and partner, the DBSA combines finance and knowledge to resolve development challenges. The DBSA recognizes the essential contribution that tourism can make towards economic and social development, and the alleviation of poverty. In recognition of this fact, the DBSA has prioritized the tourism sector, as one of its' seven key development thrusts in South Africa and the South African Development Community (SADC). DBSA services to the tourism sector can be grouped into five categories:

• Finance: The DBSA provides finance for tourism infrastructure investments to both public and private sector clients, through instruments such as equity, loans and grants. Grant funding is available for elements such as project preparation, capacity building and training linked to DBSA projects.

• Agency services: The DBSA may act on behalf of other stakeholders in promoting tourism development in the region.

• Consultancy: The DBSA provides consultancy services that facilitate the implementation of tourism infrastructure. This may for example include preparing and delivering discussion papers on critical tourism issues, as well as consulting to various Governments on regional tourism initiatives.

 • Technical assistance: The DBSA provides grant funding as well as expertise for initiatives in support of tourism development. This may include policy processes, strategy formulation, development planning, program development, human resource development and capacity building.

• Information and knowledge: The DBSA prides itself on being a knowledge-based institution, and provides information and knowledge to both internal and external clients. The DBSA recently launched a special issue on tourism of a journal entitled 'Development Southern Africa'.

The DBSA's current tourism projects spread throughout the country and the region. Its total technical assistance grant portfolio amounts to approximately R7m. Approximately R6m is for projects in South Africa and R1m for projects in Southern Africa Development Community (SADC) countries. The DBSA's total loan and equity portfolio amounts to approximately R300m, R260m of which are for projects in South Africa and approximately R40m for projects in SADC. In terms of future potential projects, tourism infrastructure projects worth more than R515m have already been identified.

 

The DBSA will remain committed to tourism infrastructure development in support of improving the quality of life to the people of South and southern Africa.

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