The restructuring of the Development Bank of Southern Africa (DBSA) in 2012 has delivered big results. The state-owned entity has achieved an increase in disbursements over the last financial year of 39.1%, repositioning itself as both a funding institution an an implementing agent.
The Infrastructure Delivery Division (IDD) is the centre of the bank’s planning and implementing capabilities and is led by Sinazo Sibisi, Group Executive of Infrastructure Delivery. Sibisi joined the DBSA as Chief Investment Officer for its Local Economic Development Initiative and then headed up Development Planning at the Bank.
The Bank then started increasing its client work with the State, providing assessments, advisory services and technical support. Sibisi was Group Executive for Strategy and Communication when the Bank decided to find ways of improving its impact on actual delivery and reposition itself as an implementing agent. This led to the establishment of the Infrastructure Delivery Division.