What stage does Development Bank of Southern Africa invest at?

Development Bank of Southern Africa invests at the Growth stage.

Where is Development Bank of Southern Africa located?

Development Bank of Southern Africa is headquartered in Midrand, ZA.

Development Bank of Southern Africa

Government fund

Midrand · Growth · 17 people tracked

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Investment thesis

As a state-owned development finance institution, the DBSA focuses on promoting inclusive and sustainable socio-economic development, growth and regional integration through infrastructure finance and delivery. It works across the project lifecycle — planning, project preparation, programme development, financing, fund management, and build and maintenance — supporting local government, energy and renewables, water and sanitation, ICT, transport, education, health, and critical minerals. The bank mobilises blended finance combining public and private capital, and emphasises climate financing to develop sustainable, environmentally friendly infrastructure. Its Moonshot Initiatives prioritise development impact and social investment as a return, with a particular focus on supporting municipalities and under-resourced communities across South Africa and the wider African continent.

Invests inCleantech Climate Tech Crypto & Web3 EdTech Energy GovTech Healthtech Impact & Social Good Logistics & Supply Chain PropTechSector AgnosticAfrica South Africa

Source: firm website, verified Sep 26, 2026.

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Stage

Growth

Midrand, ZA

Instruments

Equity · Debt · Grants

Founded

1983

Team · 17 people

from the firm's website & curated

Boitumelo Mosako· Executive Director (Chief Executive Officer)

The DBSA's first woman CEO, appointed in April 2023 after joining the finance division a decade earlier and serving as CFO. A Chartered Accountant (SA), she previously worked at SABS, Triumph Venture Capital, Citigroup, and EY, and holds qualifications from Harvard Business School and the University of Cape Town.

Eva Van Overmeire· Non Executive Director· Brussels Region, Belgiumin

Senior Investment Manager in the Life Sciences team. Joined in August 2022 with 10 years in life sciences, previously a consultant at McKinsey & Company and a partner on strategic topics at UCB; holds a Bioengineering master's and a PhD in immunology from VUB.

Barry Hore· Independent Non-Executive Director· Pittsburgh, Pennsylvania, United States

Independent non-executive director since October 2023 with expertise in banking IT, operations, cybersecurity, and digital transformation. He helped modernise SARS and establish Discovery Bank, and holds a BCom from the University of Natal and a Harvard AMP certificate.

Bongani Nqwababa· Independent Non-Executive Director

Independent non-executive director since October 2020 and a Chartered Accountant with extensive finance leadership experience, including Joint CEO of Sasol and CFO roles at Shell Southern Africa, Eskom, and Anglo-American Platinum. He founded BN Africa Capital.

Chantal Naidoo· Independent Non-Executive Director

Independent non-executive director since October 2023 with expertise in investment and corporate banking, ESG investments, and climate change. She founded Rabia Transitions and holds a PhD from the University of Sussex and an MA in Development Finance from Stellenbosch University.

Dinao Lerutla· Independent Non-Executive Director· City of Johannesburg, Gauteng, South Africain

Independent non-executive director since November 2022 and co-founder and Managing Partner of Maia Capital Partners. A CFA with a Master's in Development Finance from Stellenbosch, she brings expertise in capital markets, investment banking, and asset management.

Disebo Moephuli· Independent Non-Executive Director· New York, New York, United Statesin

Independent non-executive director since October 2023 with over 25 years of leadership experience in asset and liability management, treasury, and debt capital markets across state-owned enterprises, financial services, and logistics. She holds an MBA from Dalhousie University.

Edgar Pieterse· Independent Non-Executive Director

Independent non-executive director since October 2023 and Director of the African Centre for Cities, with a career spanning academia, policy development, and non-profit leadership focused on sustainable human settlements. He holds a PhD from the London School of Economics.

Joel Netshitenzhe· Independent Non-Executive Director

Independent non-executive director since October 2023, executive director of MISTRA, and member of the Presidential State-Owned Enterprises Council. He brings expertise in policy formulation, research, and strategic planning, and holds an MSc in Financial Economics from the University of London (SOAS).

Jonathan Muthige· Independent Non-Executive Director· South Africain

Independent non-executive director since October 2023 and a senior HR executive with over 30 years of experience in operations and human resources. He also serves as a non-executive director of Help2Read, and holds a BA Hons from UKZN and executive certifications from Harvard and Wharton.

Kenneth Brown· Non-Executive Director· Switzerlandin

Non-executive director (shareholder representative) since November 2022 with a background in business development and public sector finance, including roles at Trade Capital Investments, Standard Bank, and the National Treasury of South Africa where he served as Chief Procurement Officer.

Lynette Milne· Independent Non-Executive Director

Independent non-executive director since October 2025 and a Chartered Accountant (CA(SA)) with expertise in finance, infrastructure development, and project finance. She has worked at Deloitte, TCTA, Eskom's Treasury, the PICC, and the New Development Bank in Shanghai.

Malemolla David Makhura· Chairman, Independent Non-Executive Director

Chairman of the DBSA board, appointed independent non-executive director in July 2025. He brings strategic leadership expertise in public policy, institutional governance, and stakeholder engagement, holding an MSc in Public Policy and Management from the University of London.

Petrus Matji· Independent Non-Executive Director

Independent non-executive director since October 2020 and Managing Director of Lion Infrastructure Africa, with expertise in water, roads, ports and energy infrastructure and project finance. Former CEO of Roads Agency Limpopo, he holds an MSc in Civil Engineering and MBL/DBL from UNISA.

Pinkie Nosipho Nqeto· Deputy Chairman, Independent Non-Executive Director

Deputy Chairman and independent non-executive director since August 2017. She brings expertise in business, strategic, people and policy management, and holds an MBA from Charles Sturt University, an Economics Honours from UNISA, and a BCom from the University of Transkei.

Zodwa Mbele· Executive Director (Chief Financial Officer)· City of Johannesburg, Gauteng, South Africain

CFO and executive director since October 2023, having previously held roles at the DBSA including General Manager of Finance, Acting CFO, and Group Executive: Transacting. She is a Chartered Accountant (CA(SA)) with certification in International Treasury Management.

Evan Weiss· Chief Financial Officer· Frenchtown, New Jersey, United Statesin

Chief Executive Officer of the New Jersey Economic Development Authority.

Frequently asked questions

What stage does Development Bank of Southern Africa invest at?: Development Bank of Southern Africa invests at the Growth stage.
What sectors does Development Bank of Southern Africa focus on?: Development Bank of Southern Africa focuses on Cleantech, Climate Tech, Crypto & Web3, EdTech, Energy, GovTech, Healthtech, Impact & Social Good, Logistics & Supply Chain, PropTech, Sector Agnostic.
Where is Development Bank of Southern Africa located?: Development Bank of Southern Africa is headquartered in Midrand, ZA.

Media · Podcasts & interviews

from their channel

DBSA Annual Financial Results 2025/26 | Delivering impact in a challenging environment

DBSA Bank

Beyond Finance | How Student Housing is Transforming Lives at the University of the Free State

DBSA Bank

Limpopo Central Academic Hospital | Building Healthcare Infrastructure for South Africa’s Future

DBSA Bank

DBSA Development Impact: Stanford Wastewater Project

DBSA Bank

Building Africa’s Strategic Trade Corridors | Huli Makhuvha | Africa Investment Forum #AIF2025

DBSA Bank

Rail Reform & Freight Corridor Investment in Southern Africa | Bothwell Manikai | #AIF2025

DBSA Bank

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