TCX is very pleased to announce that it has signed a strategic partnership with The Eastern and Southern African Trade and Development Bank (TDB), aiming to boost sustainable local currency financing and capital market development in Africa.
A Memorandum of Understanding was signed in a joint online ceremony on September 3rd, by Admassu Tadesse, President and CEO of TDB, in Nairobi and Ruurd Brouwer, CEO of TCX, in Amsterdam.
The partnership will focus on four main objectives:
- signature of a commercial agreement and active selection of transactions in local currencies to structure;
- joint advocacy on foreign exchange risk management as an instrument for sustainable development;
- training and exchange of expertise;
- partnerships and collaboration by investors.