MOU signed with Eastern and Southern African Trade and Development Bank (TDB)

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) signed a memorandum of understanding (MOU) on cooperation with Eastern and Southern African Trade and Development Bank (TDB), taking the opportunity of the Second Japan-Africa Public-Private Economic Forum (JAfEF) held from December 7 to 8, 2021.

The aim of the MOU is to strengthen NEXI’s relationship with TDB, thereby facilitating economic growth in Africa, business opportunities between member states of the institutions and Japanese companies, and trade and investment in Africa by Japanese companies.

At the forum Panel 5, NEXI has participated in the discussion on solving social issues in Africa, recovery from the pandemic, and mobilization of private funds towards sustainable society. NEXI has introduced our support through LEAD initiatives as well as establishment of Japan Desks in African Financial Institutions to support Japanese companies interested in doing business in Africa.

NEXI will continue to actively support export, investment, and financing to Africa as well as the international business of Japanese companies, by deepening cooperation with international and government-affiliated financial institutions in other countries and regions.

＜MOU with TDB -Areas of collaboration＞

1. 1. Engaging in proactive discussions and consultation ahead of the TICAD8.
2. 2. Exchanging views and information aimed at economic growth in Africa and creation of business opportunities in the region.
3. 3. Exchanging views and information aimed at cooperation in areas such as decarbonization and high-quality infrastructure development in Africa.
4. 4. Development of human resources through joint workshops and seminars.

・Overview of TDB
Eastern and Southern African Trade and Development Bank (TDB), headquartered in Ebene, Mauritius and Bujumbura, Burundi, is a regional development finance institution with investors such as the governments of Southeast African countries, the African Development Bank, and other financial institutions. Established in 1985, the bank aims to foster trade, regional economic integration, and sustainable development of member countries. The membership comprises of 22 regional member countries in the Eastern and Southern Africa and a few non-regional members.

Contact
Corporate Planning and International Relations Group, Planning and Policy Department
Tel: +81-(0)3-3512-7665
Infrastructure Group, Structured and Trade Finance Insurance Department