First biodiversity fund to be set by South African State Bank

Wildebeest, elephant, and zebra all at a waterhole in South Africa.Photographer: Moelyn Photos/Getty Images

The Development Bank of Southern Africa (DBSA) is establishing its first biodiversity fund. Further, they plan on approaching one of the world’s biggest dedicated environmental funds later this year to boost its size.

DBSA’s green fund, established by the South African government’s environment department, will offer $2.7 millions of seed capital to the biodiversity fund. 

First biodiversity fund to be set by South African State Bank

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