As stated by the EIB, the project consists in a loan to Eastern and Southern African Trade and Development Bank (TDB) to support working capital and investment needs of small and medium-sized enterprises and mid-caps, including trade finance. The loan will benefit SMEs and mid-caps in eligible countries across TDB member states, which are also signatories of the Cotonou Agreement or its successor.
The operation is aimed at promoting supply chain financing investments, working capital and new investments carried out by private promoters, across a range of eligible sectors. The loan will be deployed directly by TDB or indirectly through various Financial Intermediaries, which TDB works with.
From the company's website:
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB) is an African development finance institution, with investment grade ratings and assets of USD 8bn. TDB serves 23 member states in its region, with the mandate to finance and foster trade, regional economic integration and sustainable development, through trade finance and project and infrastructure finance.
No project contacts available at the time of disclosure.
Financial Intermediary - Eastern and Southern African Trade and Development Bank:
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