Denmark's IFU makes $20m investment in TDB

Denmark’s Investment Fund for Developing Countries (IFU) has signed a shareholder agreement with The Eastern and Southern African Trade and Development Bank (TDB), acquiring 1,750 of its Class B shares. 

With an investment of $20 million in TDB’s capital stock, IFU becomes TDB’s newest institutional shareholder. 

A Cooperation Agreement was also signed, where the two groups said they would collaborate on various new initiatives such as the Bank’s SME programme, special purpose funds and technical assistance.

TDB and IFU will also explore co-financing opportunities via various financing structures and information sharing, in sectors including agriculture, healthcare, education, energy, hospitality and infrastructure.