This investment aims to strengthen economic resilience across Africa by supporting essential trade finance activities, fostering agricultural development, and addressing food security challenges.

The TDB, with over $5 billion in assets, plays a crucial role in financing and promoting trade, regional integration, and sustainable development on the continent.

They achieve this through trade finance, project and infrastructure finance, asset management, and business advisory services.

This BII investment will empower TDB to provide financial support to local businesses and financial institutions in key African markets.

“This investment highlights the UK government’s commitment to supporting economic and agricultural development across Africa,” said Andrew Mitchell, the UK’s Minister of State for Development and Africa.

“The funding will help lower trade barriers, enabling businesses to expand, access resources, and tackle food security.”

The collaboration between BII and TDB underscores their shared goal of empowering vital economic sectors, particularly small and medium-sized enterprises, to drive inclusive growth across Africa.

Many African economies face currency depreciation, rising inflation, and debt challenges, further exacerbated by global events like the Russia-Ukraine conflict.

The financing reflects TDB’s growing collaboration with financial institutions, recognizing them as key partners in boosting trade.

“Our collaboration with TDB underscores our commitment to bolstering resilient economies across Africa,” said Seema Dhanani, head of the Kenya office at BII.

“This partnership provides vital liquidity and deepens access to finance.”

Admassu Tadesse, TDB Group President and Managing Director, highlighted the partnership’s importance: “TDB has been playing a crucial role in trade finance, contributing to essential commodity security in agriculture and healthcare. This is our fourth facility with BII, and we are pleased to continue building this strategic partnership to address ongoing challenges and enhance food security.”