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Since 2019, Development Bank of Southern Africa (DBSA) has backed 2 African startups across 3 disclosed funding rounds totaling $68M, most heavily in South Africa and Energy & Utilities.
The Development Bank of Southern Africa (DBSA) is a development finance institution wholly owned by the government of South Africa. It is headquartered at Headway Hill, 1258 Lever Road, Midrand, Gauteng, South Africa, and focuses on financing infrastructure and socio economic development in South Africa and the wider region. In its investment activity in Africa, DBSA participates in early and growth stage financing, including venture rounds, Series A, and Series B transactions. Based on available data, it has committed capital to companies operating in South Africa and Kenya, with a sector focus that includes travel and mobility, energy and utilities, and fintech. Investments include funding for Zimi Charge, an electric mobility and energy platform in South Africa, and AZA Finance, a cross border payments and foreign exchange provider in Kenya. DBSA’s support for Zimi Charge aligns with its broader mandate to promote sustainable infrastructure and green economy initiatives, including the expansion of electric mobility infrastructure. Through such investments, the institution contributes to improved access to innovative energy solutions and transport services, while supporting private sector participation in infrastructure development across the continent.
Data updated · Jul 29, 2026
Development Bank of Southern Africa (DBSA) has backed 2 African startups across 3 disclosed funding rounds tracked on Liners, totaling $68M since 2019.
Mostly Venture (Round not Specified): 1 of its 3 tracked rounds are at that stage, followed by Series A (1).
Companies Development Bank of Southern Africa (DBSA) has backed operate in South Africa (3), Botswana (1), Cameroon (1), and 10 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Energy & Utilities (2), Fintech (1).
The Development Bank of Southern Africa is a development finance institution wholly owned by the government of South Africa. It is headquartered in Midrand, Gauteng, and focuses on financing infrastructure and socio economic development projects in South Africa and the broader African region.
DBSA has invested in Zimi Charge through a venture round and a Series A round, and in AZA Finance through a Series B round. These transactions are consistent with its mandate to support infrastructure, energy solutions, and financial services that contribute to socio economic development in Africa.
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