DBSA fund appoints new head

New exec appointed to lead South Africa’s new Infrastructure Fund

The Development Bank of Southern Africa (DBSA) has appointed Mohale Rakgate to lead its new flagship Infrastructure Fund.

The fund was created by a recent Memorandum of Agreement signed by the South African government to “fundamentally transform the state’s approach to the financing of infrastructure projects”.

Previously of the International Finance Corporation, Rakgate joined the DBSA in 2007 and most recently served as the executive of its project preparation group.

Rakgate will be responsible for guiding the fund as it creates a dedicated unit for projects and will facilitate the “financial structuring, procurement and implementation of priority blended-finance projects and programmes”.

Meanwhile, the Global Infrastructure Hub (GI Hub) and Meridiam have launched the new Africa Infrastructure Fellowship Program (AIFP). The initiative is designed up to upskill African government infrastructure specialists and enable them to ramp up investment in sustainable infrastructure. The first cohort of fellows commenced training today.