British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a US$100m finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development and addressing critical challenges such as food insecurity.
The facility will empower TDB to provide financial support to local businesses and financial institutions in several key markets in Africa. Many African economies are facing various economic challenges, including currency depreciation, rising inflation, debt challenges, and climate-related vulnerabilities, all exacerbated by global economic factors such as the Russia-Ukraine conflict and post-COVID economic turbulence.
