CDC and TDB sign $100m short-term finance facility

CDC Group, the UK’s development finance institution, has announced a $100 million debt commitment to the Eastern and Southern African Trade and Development Bank (TDB). 

The financing strengthens TDB’s capacity to provide additional amounts of credit to businesses in need of short-term financing. CDC’s commitment supports the import, export and production of strategic inputs and agricultural commodity goods in the 22 member states where TDB operates.

CDC says the investment will help TDB’s new and existing clients emerge from the economic challenges brought by the COVID-19 crisis.