Nairobi, March 30 -- Trade and Development Bank (TDB) has acquired $100 million financing from the British International Investment (BII), a UK development finance institution, to support businesses and financial institutions in Africa.

TDB, formerly Eastern and Southern African Trade and Development Bank, with assets of over $5 billion, is primarily involved in financing and fostering trade, regional economic integration and sustainable development in the continent through trade finance, project and infrastructure finance, asset management and business advisory services.

The latest investment from BII is designed to strengthen economic resilience in the region by supporting essential trade finance activity, foster agricultural developm...