SACE EUR 100mln Push Facility provided to Eastern & Southern African Trade & Development Bank

(Zawya, Nairobi, 23 June 2024) The Eastern and Southern African Trade and Development Bank Group (TDB Group), SMBC Group (SMBC), Citi, and SACE are pleased to announce a EUR 100 million SACE Push Facility. This syndicated facility aims to support TDB's mission of fostering regional growth and integration, while increasing Italian procurement through the involvement of TDB and its clients. The facility aims to support various sectors across TDB’s member countries, promoting economic growth, job creation, and sustainable development. By encouraging the involvement of Italian companies in projects within member states, the agreement will foster cross-border cooperation and economic integration in alignment with the African Continental Free Trade Area (AfCFTA) and the Sustainable Development Goals (SDGs).