€450m infrastructure deal drives African trade.

Nedbank Corporate and Investment Banking (CIB) is proud to have participated as lead arranger, in partnership with Deutsche Bank, in closing a €450 million, 7-year lending facility for Tanzania’s Ministry of Finance to finance approximately 50 infrastructure projects set out in its 2022/2023 budget.

Our continued support of infrastructure development in sub-Saharan Africa speaks to our underlying investment philosophy, which holds that infrastructure is the pathway to a thriving economy that provides a foundation for economic growth, inclusive social cohesion and climate resilience. In this regard, the facility for Tanzania will support the construction and rehabilitation of roads, the construction of new hospitals, the rehabilitation and expansion of educational facilities, and will also support potable water and electricity projects across various regions in the country.


Assisting our esteemed clients with tailored financial solutions

The transaction further speaks to Nedbank CIB’s deepening commitment to trade finance across Africa. As African countries, like Tanzania, create a safer, more efficient passage of goods across supply chains – from production centre to ports and beyond, to their ultimate destinations across oceans in export markets – demand for customised trade financing solutions is created. In this arena, Nedbank CIB has developed expertise across the trade finance ecosystem to assist our esteemed clients with tailored financial solutions that take the unique conditions of their sector and country into account.

The transaction sets an example of what can be achieved by creating effective partnerships that are backed by our extensive banking network across Africa for generating far-reaching impact across the continent.

When you see unexpected connections, you see sustainable growth.