News
29 May 2019

JBIC agrees NEXI-backed credit line to TDB

Region:
Middle East & Africa, Asia-Pacific

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.

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