JBIC agrees NEXI-backed credit line to TDB

The Japan Bank for International Cooperation is to provide a $210 million export credit line for the Eastern and Southern African Trade and Development Bank (TDB).

The loan is co-financed with private financial institutions, bringing the total co-financing amount to $350 million. The co-financed portion is covered by insurance from Nippon Export and Investment Insurance.

The credit line is intended to provide business entities in 22 countries, mainly in Sub-Saharan Africa, through TDB, with funds for the import of machinery and equipment from Japanese companies and their overseas affiliates.