Trade and Development Bank secures $100m for Africa firms

tdb

Trade and Development Bank headquarters in Nairobi, Kenya. PHOTO | TDB

Trade and Development Bank (TDB) has acquired $100 million financing from the British International Investment (BII), a UK development finance institution, to support businesses and financial institutions in Africa.

TDB, formerly Eastern and Southern African Trade and Development Bank, with assets of over $5 billion, is primarily involved in financing and fostering trade, regional economic integration and sustainable development in the continent through trade finance, project and infrastructure finance, asset management and business advisory services.