In June 2020, OeEB signed a USD 25 million long-term credit line with the Eastern and Southern African Trade and Development Bank ("TDB"). The funds are dedicated to financing projects in the field of renewable energy, energy efficiency and resource efficiency as well as private infrastructure projects.
|Project name||Eastern and Southern African Trade and Development Bank ("TDB")|
|Sector||Energy / Resource efficiency / Infrastructure|
|OeEB project volume||USD 25 million|
|Project partner(s)||Eastern and Southern African Trade and Development Bank ("TDB")|
In addition to a stable energy supply, a functioning, reliable infrastructure is an essential prerequisite for economic development. While Africa has made significant progress in the field of telecommunications infrastructure in the past decades, only around 35% of the population have access to electricity. In order to be able to meet the high investment requirements in the infrastructure sector and to improve the energy supply, private investments are needed.
TDB's mandate is to finance and foster trade, regional economic integration and sustainable development between its 22 regional member countries through providing trade finance and project and infrastructure finance. OeEB's funds are dedicated to financing renewable energy, energy and resource efficiency, as well as infrastructure projects implemented by private investors in order to sustainably improve infrastructure and contribute to economic development.