TDB agrees $80m financing deals with CDP, OeEB
The Eastern and Southern African Trade and Development Bank (TDB) has sealed two new impact-focused long-term financing facilities worth an initial total of $80 million.
A ten-year €50 million term loan facility was signed with Cassa Depositi e Prestiti (CDP), Italy’s development finance institution, for on-lending to the private sector – particularly SMEs - in some TDB Member States, and operating in agribusiness, social infrastructure, health, education, transports and logistics.
And a ten-year $25 million term loan facility was signed with Oesterreichische Entwicklungsbank AG (OeEB), Austria's development bank, to finance projects in various development areas such as renewable energy including hydro, windmills, solar, cogeneration and geothermal projects, energy efficiency in industry, housing, electricity transmission and distribution, as well as infrastructure.
