EIB and TDB provide $400m support for businesses hit by trade shocks
EIB Global, the new development finance arm of the European Investment Bank (EIB), will provide a $200 million trade finance facility to the Eastern and Southern African Trade and Development Bank (TDB).
21/02/2023 at 17h25, by Africa Business+
The amount will support $400 million in new private sector investment, especially in agribusiness and manufacturing, which have been particularly affected by the disruption of trade flows due to the war in Ukraine and the COVID-19 pandemic. The finances are intended to help agribusinesses to replace wheat imports and accelerate the creation of skilled jobs.
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