British International Investment

Eastern and Southern African Trade & Development Bank

Central AfricaEast AfricaNorth AfricaSouthern AfricaFinancial services

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. 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.

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

CDC has supported TDB in addressing the short-term financing needs of its clients since 2016. We continued to support TDB during the COVID-19 pandemic. Our commitment in 2020 was made to support private sector corporates in countries with challenging investment climates with working capital. It is, also, expected to benefit the import and export of agricultural products and essential commodities as economies emerge from the COVID-19 crisis.

Impact information

Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.

What?

Impact

Sustained and potentially improved economic opportunities (SDG 8.1, 8.5).

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    :
    June 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D273
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Exited
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    Central Africa, East Africa, North Africa, Southern Africa
    Country

    The countries where the investment delivers impact. Where impact is delivered in multiple countries, this is indicated.

    :
    Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eswatini, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Seychelles, South Sudan, Sudan, Tanzania, Uganda, Zambia, Zimbabwe
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Financial services

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment 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.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Debt
    Start date :
    December 2020
    End date :
    December 2022
    Amount :
    $100m
    Currency of investment :
    USD
    Domicile

    The company or investment fund’s place of incorporation.

    :
    Mauritius

Related investments made by BII into this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $50m Central Africa, East Africa, North Africa, Southern Africa Financial services June 2016 Exited
Investment 02 $50m Central Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern Africa Financial services May 2018 Active
Investment 03 $75m Central Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern Africa Financial services December 2019 Active
Investment 05 $-25m Central Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern Africa Financial services May 2023 Active
Investment 06 $100m Central Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern AfricaCentral Africa, East Africa, North Africa, Southern Africa Financial services December 2023 Active

Subscribe to receive our latest news and updates