World Bank to Help South Africa Unlock Investment of $10 Billion

South Africa has won $350 million in World Bank funding for a credit-guarantee vehicle designed to boost private investment in infrastructure and accelerate the rollout of its transmission grid expansion.

The vehicle, which will be hosted by the state-owned Development Bank of Southern Africa, will target an initial capitalization of $500 million and is expected to mobilize $10 billion in investment over the next decade.