The Eastern and Southern African Trade and Development Bank (TDB) and Asoko Insight announced the launch of the TDB Renewable Energy DealRoom, to accelerate the financing of renewable energy projects in the region served by TDB.
Building on Asoko’s extensive database of African private sector players and the power of its Digital Engagement Platform, the TDB Renewable Energy DealRoom will enable TDB to build an actionable pipeline of viable private sector projects in the renewable energy space and ultimately, accelerate deal origination in the sector.
This initiative is supported by the USD 415 million World Bank Regional Infrastructure Finance Facility (RIFF) signed with TDB in 2020 – the first of its kind to be extended to a regional development bank by the World Bank’s International Development Association (IDA). Through this facility, TDB will finance long-term infrastructure projects, particularly in renewable energy, including those of MSMEs in need of debt financing in the off-grid energy sector.