In 2016, CDC invested $50 million in TDB and this was increased by a further $50 million in 2018.
Our investment will enable the TDB to provide short, medium and long-term financing for projects in the target countries: Burundi, Comoros, the Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Seychelles, Somalia, Sudan, Uganda, Zambia and Zimbabwe.
Much of Eastern and Southern Africa suffers from a lack of basic infrastructure and reliable energy supplies. This severely limits business activity, particularly in rural areas.
Our 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 (E&S) checklists.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
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
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Debt
- 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
- October 2016
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.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.