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Browsing: infrastructure in East Africa
The French Development Agency (AFD) signed a partnership with the Trade and Development Bank (TDB) of Eastern and Southern Africa to open a $150 million line of credit to finance sustainable infrastructure in East Africa.
Trade and Development Bank (TDB) is a commercial bank owned by the member states of the Common Market for Eastern and Southern Africa (COMESA), the World Bank and China.
The agreement was initiated by TDB’s chairman and CEO Admassu Tadesse and Ghislain de Valon, Director of AFD in Kenya. According to the French Development Agency, the aim of the credit line is to support Trade Development Bank in its role as a leading regional bank for climate finance in the region it serves (East Africa).
The funding will also increase the Trade and Development Bank’s supply of climate finance, directly contributing to the achievement of the objectives set out in the National Climate Change (NCC) …