TDB PROVIDES RELIEF TO CYCLONE IDAI VICTIMS IN MALAWI

Chimwala, Malawi, 25 September 2019 – The Eastern and Southern African Trade and Development Bank (TDB) is extending USD 100,000 in grant funding to assist the victims of Cyclone Idai in Chimwala, Mangoshi District, Malawi.

A ceremony presided by The Right Honourable Everton Herbert Chimulirenji, Vice President of the Republic of Malawi and Minister responsible for Disaster Management Affairs, was held today at Chisawa Primary School, where the grant was presented by Ms. Gloria Mamba, TDB Coverage Executive for Anglophone Southern Africa.

“The District of Mangochi was one of the most heavily affected by Cyclone Idai in Malawi and its population is in dire need for relief goods such as shelter, health protection, water, sanitation & hygiene and food security items” says Peter Simbani, TDB Non-Executive Director from the Ministry of Finance of Malawi. These will be supplied by TDB’s partner Alliance One – with which TDB has a long-standing relationship in the development space, supporting small-scale farmers – with last-mile logistics and the distribution support of the Malawi Government Department of Disaster Management Affairs (DoDMA).

Climate change is one of the largest and most threatening issues of the twenty-first century, with irreparable damage already being made. With the passing of Cyclone Idai in Africa’s Southern region, more than two million people have been affected, killing over 1,000 people.

“A world-wide emergency response is taking place in affected countries” says TDB President and Chief Executive Admassu Tadesse, “and TDB is contributing to the efforts deployed in various Southern and Eastern African countries, as part of its corporate social responsibility. In addition to supporting the region when disaster strikes, as it was sadly the case with Cyclone Idai, TDB also takes action to address climate change in its core operations with long-term activities aiming to mitigate risks.”

Indeed, whether via green funds, blended finance, climate credit facilities and low-carbon climate-resilient infrastructure and projects, TDB is active in the green finance space. Currently, half of TDB’s portfolio directly and indirectly contributes to SDGs, including towards affordable and clean energy, and climate action.