Steven Makhongela

Head: Mining and Critical Minerals

at DBSA

Steven is a qualified engineer with over 20 years of experience in infrastructure development, finance, and investment across Africa. His expertise spans the full infrastructure value-chain, including project conceptualization and preparation, technical appraisal, financing, construction, operations, and asset management. Throughout his career, Steven has led the development, appraisal, and implementation of large-scale infrastructure and industrial projects across a diverse range of sectors, including power generation and transmission, oil and gas, mining and mineral beneficiation, renewable energy, biofuels, the hydrogen economy, waste-to-energy, and energy efficiency. As Head of Mining and Critical Minerals within the Coverage and Origination Division at the Development Bank of Southern Africa (DBSA), Steven leads a multidisciplinary team responsible for business development and origination, investment assessment, and market intelligence while supporting transaction execution and portfolio monitoring. In this role, he drives the Bank’s strategic engagement in the mining and critical minerals sector, supporting the development of sustainable and value-accretive projects that contribute to beneficiation at source, industrialization, economic growth, regional integration and the energy transition across the continent.