French Development Agency [fr]
The French Development Agency is one of the largest providers of official development assistance
Present in South Africa since 1994, the French Development Agency (AFD) has committed more than €1.9 billion (ZAR 22 billion), with more than €1.5 billion (ZAR 32 billion) between 2007 and 2015, ranking France amongst the largest donors. The Johannesburg Agency oversees the activities of AFD in Angola, Botswana, Lesotho, Malawi, Namibia, Zambia and Zimbabwe.
In South Africa AFD, offers a large palette of financial tools adapted to funding varied beneficiary needs. AFD can provide sovereign and non-sovereign loans either directly or through an intermediary, for medium or long terms loans, at subsidized or markets rates, in local or foreign currencies (EUR or USD). The agency also offers credit guarantees through its ARIZ mechanism, and funds for expertise and capacity-building.
In addition to supplying project finance, AFD deploys grants and funds studies. These resources, and expertise drawn from French public and private-sector experts, underpin the technical assistance and research that AFD also provides. This applied know-how helps optimize projects design and knowledge transfers.
Historically in favor of the economic and the social catch up of the disadvantaged populations, the AFD strategy expend on three main objectives:
1- Supporting integrated, sustainable and inclusive development.
Municipal development plans is at the historic heart of AFD’s operations, providing more than 500 million euros for developing municipal basic infrastructure. The AFD also provides support for the affordable and social housing policy.
2- Promoting a resilient environment by curbing greenhouse gas emissions.
AFD supports South Africa in its will to increase the part of the renewable energies in the energy production of the country in order to reduce the pressure exercised on fossil fuels and to decrease greenhouse gas emissions. It finances Eskom and supports the investment of the private sector via the "green" credit lines to public and commercial banks.
3- Strengthening South Africa capacities and forecasting job creations.
In South Africa, AFD has develops innovative approaches to improve workforce skills, better insertion in the employment market and to the job creation. It supports in particular programs of capacities building of the municipalities.
PROPARCO, AFD’s subsidiary dedicated to the financing of the private sector, has strongly supported the banking and financial intermediation in South Africa to favor the access of small and medium- enterprises to long term resources. PROPARCO has invested 300 M€ in South Africa during the last ten years and besides supports the sector of the renewable energies since 2012.
To go further, please visit AFD’s website.
Address: 1st Floor, Block One, Ironwood House, Ballywoods Office Park, 29 Ballyclare Drive, Bryanston
Phone: +27 (0)11 540 7100