TDB, USAID to finance Africa power projects
The Eastern and Southern African
Trade and Development Bank (TDB) (www.TBDGroup.org) and USAID’s Power Africa
initiative (https://www.USAID.gov/PowerAfrica) have signed a memorandum of
understanding (MoU) that will finance power projects in 22 African countries.
The memorandum was signed at
African Development Bank’s (www.AfDB.org) inaugural Africa Investment Forum
where emphasis was placed on investment.
At the signing, TDB’s President
and Chief Executive, Admassu Tadesse, said, “TDB is very pleased to deepen its
existing partnership with USAID in further support of the Power Africa
Initiative which resonates strongly with TDB’s strategy and mandate. We are
proud to count USAID among our growing number of cooperating trade and
development finance partners in the US.”
As a new entrant to the program,
this collaboration makes TDB the 18th development partner of the Power Africa
initiative.
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