- Active
- Exited
This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.
Intermediated investment
The Eastern and Southern Africa Trade and Development Bank – TDB Bank – is a regional development bank headquartered in Burundi. It has offices in Nairobi, Harare, and Ebene.
Established in 1985, its aim is to facilitate economic growth, trade and regional integration through its role as a financial intermediary providing trade and project finance in 17 countries across East and Southern Africa.
It invests in a range of sectors, including agriculture, trade, industry, infrastructure, energy and tourism and provides a range of financial products and services across both the private and public sectors.
Key facts
- Status:
- Exited
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Website:
- https://protect-eu.mimecast.com/s/wB6hC1r7YHMV6Mji9yT-V?domain=tdbgroup.org/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund:
- Investec Africa Credit Opportunities Fund
- Fund Manager:
- Investec Asset Management
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- March 2010
- End date
:
For direct equity investments, this is the date at which CDC exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
- January 2018
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Burundi
Intermediated investment
The Eastern and Southern Africa Trade and Development Bank – TDB Bank – is a regional development bank headquartered in Burundi. It has offices in Nairobi, Harare, and Ebene.
Established in 1985, its aim is to facilitate economic growth, trade and regional integration through its role as a financial intermediary providing trade and project finance in 17 countries across East and Southern Africa.
It invests in a range of sectors, including agriculture, trade, industry, infrastructure, energy and tourism and provides a range of financial products and services across both the private and public sectors.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Website:
- https://protect-eu.mimecast.com/s/wB6hC1r7YHMV6Mji9yT-V?domain=tdbgroup.org
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund:
- European Financing Partners III
- Fund Manager:
- European Financing Partners
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- June 2015
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Burundi
Intermediated investment
The Eastern and Southern Africa Trade and Development Bank – TDB Bank – is a regional development bank headquartered in Burundi. It has offices in Nairobi, Harare, and Ebene.
Established in 1985, its aim is to facilitate economic growth, trade and regional integration through its role as a financial intermediary providing trade and project finance in 17 countries across East and Southern Africa.
It invests in a range of sectors, including agriculture, trade, industry, infrastructure, energy and tourism and provides a range of financial products and services across both the private and public sectors.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Website:
- https://protect-eu.mimecast.com/s/wB6hC1r7YHMV6Mji9yT-V?domain=tdbgroup.org/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund:
- Investec Africa Credit Opportunities Fund
- Fund Manager:
- Investec Asset Management
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- June 2015
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Burundi
Trade Finance
Our investment
CDC entered into a $75 million shared risk facility with the Eastern and Southern African Trade and Development Bank. CDC's investment will enable TBD to increase trade flows by up to $420 million over the next three years in the markets in which it operates. Somalia, Sudan, Uganda, Zambia and Zimbabwe.
Expected impact
CDC's investment will enable TDB to increase its infrastructure support throughout the region and provide longer-term funding to businesses and projects. This includes providing finance to support vital trade and infrastructure projects – from hydro-electric power in Uganda to telecomms in Zanzibar. TDB will also provide technical assistance and advice to clients setting up trade-related projects, particularly to support regional and cross-border trade.
Environmental and social aspects
CDC has worked closely with TDB to develop the bank's Environmental and Social Management System and environmental and social checklists.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa
- Countries:
- East and Southern Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Website:
- https://protect-eu.mimecast.com/s/wB6hC1r7YHMV6Mji9yT-V?domain=tdbgroup.org/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Trade Finance
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- June 2016
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $175m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Burundi
