The Trade and Development Bank (TDB), in collaboration with British International Investment (BII), has launched a $100 million finance facility aimed at strengthening economic resilience and fostering agricultural development across Africa. This initiative comes at a critical time, as African nations grapple with economic challenges such as inflation, currency depreciation, and rising debt.
The new funding will enable TDB to provide enhanced support to local businesses and financial institutions operating in key African markets, facilitating trade finance activities and addressing critical food security concerns. This aligns with the UK Government’s commitment to boosting economic growth and agricultural development in Africa, as articulated by UK Minister of State for Development and Africa, Andrew Mitchell.
This partnership between TDB and BII exemplifies a shared commitment to empowering key economic sectors, particularly small and medium-sized enterprises (SMEs), and fostering inclusive economic growth across the African continent.
