Development finance institutions the European Investment Bank (EIB) and the Eastern and Southern African Trade and Development Bank (TDB) have jointly launched a 12-year, €81.5-million initiative that will unlock €163-million of investment to support private sector investment in fragile contexts across Eastern and Southern Africa. The investment initiative will catalyse investment that enhances financial and social inclusion, and is expected to support entrepreneurs in remote regions, startups led by women and young people, among other groups with constrained access to financing.
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