Trade and Development Bank grants $20 million to Red Sea Bunkerin

Trade and Development Bank grants $20 million to Red Sea Bunkering in Djibouti

The development bank of the COMESA states will grant a facility to this subsidiary of the Port Authority on 30 January, according to Jeune Afrique Business+. This will improve its cash flow and allow it to meet constantly growing demand for funds.

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            ▪ Trade and Development Bank grants $20 million to Red Sea Bunkering in Djibouti


            ▪ The development bank of the COMESA states will grant a facility to this subsidiary of the Port Authority on 30 January, according to Jeune Afrique Business+. This will improve its cash flow and allow it to meet constantly growing demand for funds.


            ▪ https://www.africabusinessplus.com/en/802640/trade-and-development-bank-alloue-20-millions-de-dollars-au-djiboutien-red-sea-bunkering-soutage/

29/01/2020 at 15h16, by Africa Business+

After studying the case for a year, the Trade and Development Bank (TDB, formerly PTA Bank), the development bank of the COMESA states, will sign a letter of credit of $20 million for the Djiboutian company Red Sea Bunkering on Thursday 30 January in the presence of Seychelles national John Esther, its regional director for East Africa.