During
the 2025 Annual Meeting of the BRICS Banking Cooperation, China Development
Bank and the Development Bank of Southern Africa entered into a loan agreement
worth 2.1 billion RMB, representing the first RMB-denominated financing
cooperation between the two institutions.
China Development Bank has made significant contributions to the enhancement of critical infrastructure and the improvement of public well-being in the country. This round of loan funds will be used to support African projects in infrastructure, energy, information and communication, water conservancy, health, and manufacturing.
