Fact-checked by Grok 2 weeks ago

Trade and Development Bank

The Trade and Development Bank (TDB) is a multilateral, treaty-based development finance institution focused on Eastern and Southern Africa, established on November 6, 1985, as the PTA Bank under the Treaty establishing the Preferential Trade Area for Eastern and Southern African States to promote intra-regional trade, economic integration, and infrastructure development. Rebranded as the Trade and Development Bank in 2017, TDB operates with an investment-grade rating and an asset base exceeding USD 10 billion, serving 25 regional member states across organizations such as COMESA, EAC, SADC, IGAD, and IOC, alongside non-regional members like China and Belarus, and institutional shareholders including development finance institutions and sovereign wealth funds. Headquartered in , , with principal offices in , and regional hubs in (), Harare (), Addis Ababa (), and ( of Congo), TDB provides tailored financial solutions such as short- and long-term loans, equity investments, guarantees, and non-financial services including advisory and to foster in sectors like , transport, , and . As part of the broader TDB Group—which encompasses subsidiaries like the Fund (TDF) for equity investments, Eastern and Southern African Trade and Logistics (ESATAL) for leasing, and TDB Academy for —the institution has supported landmark projects, including the financing of East Africa's largest in 2015, RwandAir's fleet expansion in 2014, and regional initiatives since its .

Overview

Establishment and Mandate

The Eastern and Southern African Trade and Development Bank (TDB), originally established as the Preferential Trade Area (PTA) Bank, was founded on November 6, 1985, as an autonomous specialized institution pursuant to Chapter Nine of the Treaty for the Establishment of the Preferential Trade Area for Eastern and Southern African States, which entered into force in 1982 and later evolved into the Common Market for Eastern and Southern Africa (COMESA) Treaty in 1994. The Bank's charter was adopted on July 12, 1985, in Bujumbura, Burundi, formalizing its role as a treaty-based entity dedicated to supporting economic cooperation among its founding member states in the region. Over time, the institution has evolved from its initial focus as the PTA Bank into a comprehensive multilateral finance group, rebranded as the Trade and Development Bank in alignment with its expanded objectives under the amended COMESA framework. Its mandate centers on promoting intra-regional , economic integration, and across Eastern and , providing financial and technical assistance to member states through financing for transactions, projects, and initiatives that drive and complementarity. This purpose is explicitly aligned with global and continental agendas, including the (SDGs), the African Union's , and the on , integrated through a robust (ESG) framework to ensure sustainable outcomes. As a unique treaty-based multilateral institution, TDB operates with full juridical personality, enjoying from judicial process (except in cases related to its borrowings), immunity of assets from seizure, tax exemptions, and inviolability of its archives and communications, as outlined in Article 43 of its Charter. This status, combined with its preferred creditor treatment and preferential access to member states, enables the to function effectively as a group, mobilizing resources and providing guarantees, equity, and advisory services to sovereigns, , and small and medium-sized enterprises without the constraints faced by commercial banks.

Key Financial and Operational Metrics

As of December 31, 2024, the Trade and Development Bank (TDB) Group reported total assets of USD 11.36 billion, reflecting a 12.4% increase from USD 10.11 billion in 2023, underscoring its growing scale in . Shareholders' equity stood at USD 2.26 billion, up from USD 2.20 billion the previous year, supported by and reserves of approximately USD 1.66 billion. The bank's operational scope encompasses 47 sovereign and institutional shareholders, with principal offices in and , and regional offices in , , , and the of . It serves over 25 member states across key African , including COMESA, EAC, SADC, IGAD, and the (IOC), facilitating intra-regional trade and integration. With approximately 193 permanent employees as of 2023, TDB maintains a lean structure focused on high-impact financing. Key performance indicators highlight robust activity: the total loan portfolio reached USD 7.09 billion in 2024, a 2.1% growth from USD 6.95 billion in 2023, comprising USD 4.60 billion in (up 0.3%) and USD 2.24 billion in project loans (up 5.1%). Financing commitments included available facilities of USD 9.74 billion, with USD 7.71 billion utilized, supporting annual trade volumes exceeding USD 5 billion through instruments like letters of credit (USD 235 million outstanding) and guarantees (USD 6.7 million). Non-financial metrics affirm TDB's impact and recognition. In 2025, the bank received the Bank of the Year award at the African Banker Awards, honoring its inclusive approach to development finance. Additionally, Global Finance bestowed three accolades, including Best Bank for in , recognizing excellence in sustainable banking and trade facilitation.
Metric2024 (USD Billion)2023 (USD Billion)Growth (%)
Total Assets11.3610.1112.4
Shareholders' Equity2.262.203.0
Total Loan Portfolio7.096.952.1
4.604.590.3
Project Loans2.242.135.1

History

Founding and Early Development

The Eastern and Southern Trade and Development Bank, originally known as the Bank, was established on November 6, 1985, in , , as an autonomous specialized institution under Chapter 9 of the 1981 Treaty establishing the Preferential Trade Area () for Eastern and Southern States. The bank's , adopted by the on July 12, 1985, aimed to support regional by financing initiatives among its 16 founding member states. With an authorized capital of 400 million units of account (UA), of which 133 million UA was payable and the rest callable, the institution began full operations in 1993 after initial equity subscriptions, including from the in 1991. In its early years, the PTA Bank focused primarily on financing to enhance regional and , aligning with the PTA's broader mandate for economic in sectors like , communications, and . By 1995, projects gained significant momentum, with the bank supporting initial PTA initiatives such as road and telecommunications developments that aimed to link member states and facilitate cross-border amid the region's fragmented networks. These efforts emphasized long-term project loans to promote export-oriented and resource-based activities, though lending was predominantly to sovereign and government-owned entities due to the limited private sector engagement at the time. A pivotal early milestone occurred in 2000 when the became the first non-regional shareholder by subscribing to shares worth $24 million, injecting vital capital and enabling the bank's inaugural major construction projects to bolster regional . However, the bank's formative period was marked by significant challenges, including a constrained capital base that limited lending capacity, heavy reliance on sovereign borrowers, and operational hurdles stemming from regional economic instability—such as high , foreign exchange shortages, currency depreciation, and conflicts in member states like the Democratic Republic of Congo and , which disrupted sub-project implementation and led to arrears totaling 8.3 million UA by late 1999. These issues contributed to a broader around the turn of the millennium, underscoring the difficulties of fostering in a volatile sub-Saharan context.

Expansion, Rebranding, and Recent Milestones

Following its early consolidation, the Trade and Development Bank (TDB), then known as PTA Bank, pursued significant expansions in membership and operational scope starting in the mid-2000s. In 2004, the bank initiated grassroots financing for the development of the largest regional company, marking an early milestone in supporting heavy industry growth across Eastern and . By 2009, the Democratic Republic of (DRC) joined as a member state, broadening the bank's geographic footprint and access to Central African markets. A pivotal charter amendment in enabled the inclusion of institutional shareholders, diversifying the ownership base beyond members and enhancing capital mobilization for development projects. This was followed by further membership growth: in 2016, Swaziland (now ), , and acceded as s, increasing the total to 20 shareholders. In 2018, joined as the 22nd , further solidifying TDB's role in . Key project financings underscored the bank's expanding influence during this period. In 2012, TDB provided funding for the Eden Island development in , a luxury marina and residential project aimed at boosting tourism infrastructure. The following year saw support for RwandAir's fleet expansion in 2014, including the acquisition of aircraft to enhance regional air connectivity. In 2015, TDB financed the construction of East Africa's largest wind farm, advancing renewable energy adoption in the region. In 2017, PTA Bank underwent a strategic to Trade and Development Bank (TDB), reflecting its evolving mandate to encompass broader financing beyond promotion alone. This shift aligned with enhanced profitability and innovation, positioning TDB as a more versatile . Recent milestones highlight TDB's focus on innovative financing and . In February 2024, the extended a facility of approximately USD 300 million to TDB to support distributed and clean cooking solutions across Eastern and , targeting underserved communities. Building on this, in June 2025, TDB signed landmark agreements under the facility to deliver clean energy access to 3 million people within a year, including loans and results-based grants to companies like Burn Manufacturing for efficient cookstoves. Additionally, TDB Group President and Managing Director Admassu Tadesse was named African Banker of the Year in , recognizing his leadership in advancing finance. In May 2025, TDB Group received three Global Finance Awards for excellence in banking and . In August 2025, the bank held its Annual General Meetings and 40th Anniversary celebrations in , , emphasizing renewed focus on partnerships and innovation.

Ownership and Governance

Shareholders

The Trade and Development Bank (TDB) is owned by 47 shareholders, comprising 25 regional sovereign states primarily from the Common Market for Eastern and Southern Africa (COMESA), (SADC), and (EAC), as well as non-regional countries and various institutions. These regional states include members such as , , , , and , which form the core of the bank's ownership to support intra-African trade and development. Non-regional sovereign shareholders, starting with as the first to join in 2000, provide additional capital and strategic partnerships beyond . Institutional shareholders include the (AfDB) as a key strategic investor, alongside pension funds like the National Social Security Fund of , insurance companies such as Sacos Life Assurance, and sovereign wealth funds including Rwanda's Agaciro Development Fund. The bank's ownership is structured through distinct share classes that reflect the diverse composition of its shareholders. Class A shares are primarily held by regional governments, accounting for approximately 80% of the voting rights and emphasizing sovereign commitment to regional integration. Class B shares, subscribed by non-regional countries and institutional investors, represent about 20% of the voting rights and enable broader participation from development finance institutions and private entities. A newer Class C share class, introduced in 2022 for institutional investors, carries no voting rights but supports capital mobilization for specific initiatives like green financing. The total subscribed capital stands at around USD 3 billion, with authorized capital exceeding USD 6 billion, providing a robust foundation for the bank's operations. In 2025, shareholders approved a record capital increase programme of USD 1.5 billion. Shareholders' equity has shown steady growth, rising from USD 1.19 billion in 2018 to USD 2.26 billion as of 2024, driven by capital subscriptions and . This expansion was bolstered by the addition of three new institutional shareholders in : Rwanda's Agaciro Fund (USD 2.67 million in Class B shares), Tanzania's National Social Security Fund (USD 3.63 million in Class B shares), and Mauritius-based SICOM Global Fund. These investments, along with sovereign additions like , , and , diversified the ownership base and enhanced capital reserves by 14% that year. Ownership in TDB offers shareholders preferential access to tailored financing solutions, such as lines and project funding, while aligning investments with broader goals of regional and across Eastern and . This structure incentivizes participation by linking equity holdings to opportunities for and promotion, fostering long-term stability and impact.

Board of Governors and Directors

The Board of Governors serves as the supreme governing body of the Trade and Development Bank (TDB), comprising one and one alternate appointed by each shareholder, excluding Class C shareholders who are represented as observers. With 47 sovereign and institutional shareholders, including 25 member states and others from non-regional countries and institutions in , , and , the Board ensures broad representation across its constituencies. It holds ultimate authority over strategic decisions, such as appointing the Group President and Managing Director, approving annual accounts and the allocation of net income, authorizing capital increases, and providing overarching guidance to the . The Board meets annually in a general meeting to conduct these responsibilities, with procedures determined by its members and a requiring a majority of Governors representing at least two-thirds of the total voting power. As of 2024, Ernesto Max Elias Tonela, Minister of Economy and Finance of , was elected as Chairperson of the Board of Governors. The , elected by the Board of Governors, functions as the executive oversight body responsible for directing the Bank's general operations and strategy. It consists of up to 10 non-executive directors, plus the Group President and Managing Director as an ex-officio member, totaling a maximum of 11 members, with representation structured to include five directors from African member states, one from non-African states, one from African institutions, one from other shareholders, and two independent directors. The Board reviews and approves operational matters, including loans, guarantees, and investments; sets interest rates and fees; and submits annual reports and budgets to the Governors, while ensuring compliance with risk management and regulatory standards. It convenes at least quarterly, with decisions requiring a of a majority of directors representing two-thirds of voting rights; the Chairperson and Vice-Chairperson are appointed annually by the Board. Both boards operate in a non-executive capacity, emphasizing balanced regional decision-making through constituency-based voting tied to shareholdings, which distinguishes their policy-level roles from day-to-day management. Key members of the include Veenay Rambarassah, representing all other shareholders; Co-Chair Admassu Tadesse, the and ; Armando , Chairman of the ; George Tongesayi Guvamatanga, of Zimbabwe's ; and Busisiwe Alice Dlamini-Nsibande, representing , , , and other constituencies.

Management Team

The Management Team of the Trade and Development Bank (TDB) Group is headed by Admassu Tadesse as and , a position he has held since 2012 when he led the predecessor institution, PTA Bank, through its rebranding to TDB in 2017. Tadesse, with over 20 years of experience in development finance, oversees the bank's overall strategy, including and co-chairing key boards such as those of the African Export-Import Bank and the . Supporting Tadesse are key deputies, including Joy Ntare, Group Vice President and Deputy Managing Director, who joined in 2014 and focuses on operational aspects with her background in , , and prior roles at the of . Another critical figure is David Bamlango, Group Vice President, Deputy Managing Director, and , who manages legal and functions, drawing on 18 years of expertise from his time as a partner at and admissions to the and bars. The executive team comprises more than 17 senior managers spanning finance, risk management, trade finance, and sustainable development, with a deliberate emphasis on regional expertise from across Eastern, Southern, Central, and Western Africa to support intra-African trade initiatives. Under this leadership, TDB has driven asset growth to USD 10 billion as of early 2025, while earning accolades such as the Africa Banking Leadership Excellence Award for Tadesse in 2025 and the bank's recognition as DFI of the Year at the African Banker Awards.

Operations and Activities

Geographic Presence and Structure

The Trade and Development Bank (TDB) maintains a dual-headquarters structure to optimize its operational and financial functions across . The operational headquarters is located in , , facilitating day-to-day management and regional coordination, while the financial hub is situated in , leveraging the island's status as an international financial center for treasury, capital markets, and activities. TDB's regional footprint is anchored by key offices that support its presence in Eastern and . These include the Nairobi Operations Hub in , which serves as a central point for East African operations; the Harare Regional Office in , focusing on Southern African engagement; the Addis Ababa Regional Office in , targeting initiatives; and the Kinshasa Representative Office in the Democratic Republic of Congo, aiding Central African outreach. This network enables localized project implementation and client servicing across 25 member states primarily in these regions. The bank's geographic coverage extends beyond its core African focus through non-regional shareholders, such as and the (AfDB), which provide global connectivity for and investment flows. TDB operates as the parent entity within the TDB Group, encompassing subsidiaries that enhance its structural capabilities: TDB (TAM) for investment vehicle origination and funds management; the Trade and Development Fund (TDF) for guarantees and risk mitigation; Eastern and Southern African Trade Advisers Limited (ESATAL) for fund management, including the ESATF trade fund; TDB Company (TCI) for insurance solutions; and TDB Academy for . This group structure supports tailored financing mechanisms adapted to regional needs while ensuring regulatory compliance across jurisdictions.

Products, Services, and Sectors

The (TDB) offers a suite of financial products designed to support , , and across its member states in eastern and . Its core financial offerings include instruments such as letters of (LCs), guarantees, bonds, and import/ financing facilities, which facilitate short-term transactions like pre- and post-shipment financing, structured commodity , and solutions including receivables purchase and . In addition, TDB provides project and infrastructure finance through medium- to long-term direct , lines of , loan guarantees, participation, mezzanine debt, syndications, and leasing arrangements, enabling funding for capital-intensive initiatives. The bank also extends concessional financing via its Fund (TDF) for high-impact projects, alongside hybrid instruments like co-financing to mitigate risks in cross-border activities. Complementing these financial products, TDB delivers non-financial services focused on enhancing institutional and operational capacities. Advisory services encompass , sustainable finance guidance, and technical assistance for program design, implementation, and management, helping clients navigate complex developmental challenges. is another key area, exemplified by the Eastern and Southern African Trade Fund (ESATF), which supports short- to medium-term trade transactions for small and medium-sized enterprises (SMEs). Capacity-building initiatives through the TDB provide training, seminars, and study tours tailored to SMEs and financial institutions, fostering skills in trade facilitation and sustainable practices. These services align with TDB's mandate to promote regional and . TDB's sectoral focus prioritizes areas critical to Africa's agenda, with significant portfolio allocations to (26.7% of assets as of January 2025), including and projects that enhance and reliability. receives 19.7% of funding, supporting value chains from farming to processing to bolster and rural economies. and heavy industries account for 2.8%, driving industrialization, while the sector (21.7%) emphasizes transitions, such as and clean power generation. The bank also targets MSMEs across these sectors through dedicated facilities, alongside emerging areas like (ICT) and via banking intermediaries. A distinctive feature of TDB's offerings is its commitment to sustainability-linked products, with green financing integrated into loans and guarantees to align with the and Africa's Agenda 2063. This includes dedicated support for projects that reduce and promote climate-resilient infrastructure; as of 2021, over 79% of its portfolio involved low or no environmental and social risks. In 2023, TDB adopted a Climate Finance Strategy targeting by 2050 and committed to no new coal investments. Through these innovations, TDB advances equitable development while addressing pressing challenges like access and .

Major Projects and Partnerships

The Trade and Development Bank (TDB) has financed several landmark infrastructure projects across Eastern and Southern Africa, emphasizing renewable energy and regional connectivity. In 2015, TDB provided debt financing as part of a consortium for the Lake Turkana Wind Power project in Kenya, Africa's largest wind farm with a capacity of 310 MW, which achieved financial close in 2014 and began operations in 2019. Earlier, in 2014, TDB extended a USD 160 million loan to RwandAir for fleet expansion, enabling the acquisition of Airbus A330 aircraft to enhance regional and long-haul connectivity. In 2004, TDB supported the grassroots development of a major regional cement company, contributing to industrial capacity building in the COMESA region. More recently, in 2024, TDB received a USD 300 million facility from the World Bank to finance distributed renewable energy and clean cooking initiatives, targeting access for millions in underserved areas through partnerships with distributed renewable energy (DRE) and clean cooking firms. TDB's partnerships have amplified its project impacts through co-financing and strategic alliances. It maintains a longstanding collaboration with the African Development Bank (AfDB) for equity investments and risk-sharing in trade finance, including a 2024 unfunded risk participation agreement to expand lending capacity. TDB has also partnered with the Japan Bank for International Cooperation (JBIC), Mizuho Bank, and Nippon Export and Investment Insurance (NEXI) for a USD 14.4 million loan in 2024 to supply geothermal equipment for Kenya's Menengai Power project. In recognition of its trade finance excellence, TDB received Global Finance's World's Best Trade Finance Provider in Africa award in 2024 and 2025. In 2025, TDB Group was awarded Bank of the Year at the African Banker Awards. For regional integration, TDB signed memoranda of understanding with COMESA institutions, including the COMESA Business Council in 2021 for digital financial inclusion programs to support MSMEs and cross-border payments. Additionally, TDB has pursued hybrid capital instruments with institutional investors, including a planned 2025 issuance to bolster equity for infrastructure lending. These initiatives have delivered measurable developmental outcomes, including substantial job creation and enhanced trade flows. The Lake Turkana project generated 2,500 construction jobs and 200 permanent positions, while broader TDB-supported energy and agriculture projects sustained over 1.1 million jobs in 2022, with a focus on women and local employment. RwandAir's expansion has contributed to aviation's support of 42,000 jobs in Rwanda and USD 160 million in annual GDP contribution. TDB financing facilitated USD 444 million in incremental intra-regional trade transactions in 2022, representing a significant increase from prior years and boosting overall regional trade volumes. On sustainability, TDB projects have reduced carbon emissions notably; for instance, the Lake Turkana farm offsets 740,000 metric tons of CO2 equivalent annually, and other renewable initiatives like Sunspot Energy in Kenya avoided 23,000 tons of greenhouse gases by 2022. These efforts align with TDB's mandate to foster economic integration and climate resilience across its member states.

Financial Performance

Assets, Revenue, and Capital Structure

As of December 31, 2024, the Trade and Development Bank's total assets stood at USD 11.36 billion, reflecting a 2.3% decrease from USD 11.63 billion the previous year and underscoring the institution's role in regional financing amid economic challenges. The loan portfolio constituted approximately 60% of these assets, valued at USD 6.84 billion, with a 1.8% year-over-year growth driven by demand for trade and infrastructure support across member states. Within the loan portfolio, trade finance loans accounted for approximately 67% (USD 4.60 billion), focusing on short-term financing for imports and exports; project finance represented 33% (USD 2.24 billion), targeting long-term infrastructure and development initiatives. Investments, including government securities (USD 0.84 billion) and corporate bonds (USD 0.04 billion), were held separately, providing diversified liquidity and risk mitigation. Revenue generation for the bank primarily stems from interest income on loans and advances, supplemented by fees from guarantees and advisory services, as well as returns on portfolios. In recent years, net profits have consistently exceeded USD 100 million annually, reaching USD 171 million in 2024, up from USD 129 million in 2018 but down from USD 230 million in 2023, bolstered by efficient cost management and expanded lending activities. This profitability highlights the bank's ability to leverage its regional focus for sustainable earnings, with interest income forming the largest share of . The structure remains robust, anchored by a subscribed of USD 3.07 billion from member countries and international partners, which supports long-term lending capacity. Reserves grew to USD 1.66 billion in 2024 from USD 1.59 billion in 2023, enhancing the bank's resilience against economic volatility, and continued to build through . To further strengthen , the bank issued USD 100 million in hybrid notes in March 2025 as part of its capital enhancement efforts, classified as deeply subordinated 5-year non-callable instruments with an 8.5% , maturing in 2055 (USD 42.6 million component, USD 57.4 million ). Overall trends indicate prudent , including non-performing loans at 3.7% of the portfolio as of December 2024, achieved through enhanced and diversification strategies. This progress, combined with , positions the bank to sustain operations amid regional dynamics. As of June 30, 2025, total assets increased to USD 11.67 billion, with capital adequacy at 34.8% (Tier I and II).

Credit Ratings and Risk Profile

The Eastern and Southern African Trade and Development Bank (TDB) maintains credit ratings from major agencies that reflect its role as a institution focused on emerging markets, with recent adjustments highlighting vulnerabilities to external pressures. In September 2025, downgraded TDB's long-term issuer default rating to 'BB' from 'BB+', assigning a stable outlook, primarily due to deteriorating credit dynamics in key member states and heightened regional risks, including political instability and economic volatility in countries like . Moody's Investors Service last revised TDB's long-term issuer rating to 'Ba1' in October 2024, with a stable outlook, following a downgrade from 'Baa3' amid concerns over asset quality and sovereign exposures; no further updates have been issued as of November 2025. These ratings underscore TDB's speculative-grade status, balancing its developmental mandate against the inherent risks of financing trade and infrastructure in . TDB's risk profile is characterized by significant exposure to emerging markets across Eastern and , where political instability, currency fluctuations, and debt challenges in member states—such as Zambia's ongoing —pose elevated risks. Non-performing loans stood at 3.7% as of December 2024, remaining below 5% through prudent portfolio management, though Fitch noted an increase in impaired assets under its due to these regional factors; this ratio decreased further by 2025. These risks are mitigated by contributions from member states, which provide implicit guarantees through paid-in capital and callable shares, as well as portfolio diversification across sectors like , , and , reducing concentration in any single economy or borrower. The bank employs robust risk management frameworks, particularly for (ESG) factors, aligned with international standards such as the IFC Performance Standards, to integrate into lending decisions and monitor potential adverse impacts. is supported by access to international capital markets, including the secondary listing of its benchmark 2024 USD-denominated Eurobond on the Stock Exchange of , which enhances funding diversity alongside bilateral lines and risk participation agreements. Capital adequacy remains strong at 35.9% as of 2024, exceeding regulatory minimums and providing a buffer against shocks, as affirmed in recent financial disclosures; it stood at 34.8% (Tier I and II) as of June 2025. External influences on TDB's stability include positive synergies from its deepened partnership with the (AfDB), such as a USD 150 million risk-sharing facility signed in December 2024, which bolsters capacity for intra-African trade. Conversely, global economic slowdowns, including subdued trade volumes and rising interest rates, continue to challenge operations, amplifying pressures on the bank's asset and funding costs in a high-risk environment.

References

  1. [1]
    ABOUT EASTERN AND SOUTHERN AFRICAN TRADE ... - ESATAL
    Eastern and Southern African Trade and Development Bank (TDB), is a multilateral financial institution and one of the leading providers of trade finance ...
  2. [2]
    History - Trade and Development Bank
    Originally PTA Bank was launched in 1985 to advance regional intergration premised on promoting trade finance and investing in infrastructure.
  3. [3]
    About Us - Trade and Development Bank
    Established in 1985, TDB is an investment-grade African regional development finance group, with the mandate to finance and foster trade, regional economic ...
  4. [4]
    Eastern and Southern African Trade and Development Bank (TDB)
    Feb 18, 2025 · Serving 25 member states, TDB is mandated to promote trade, regional economic integration, and sustainable development through a suite of ...
  5. [5]
    [PDF] TDB-Profile.pdf - Trade and Development Bank
    The Bank's membership comprises of the twenty-two Member States, two non- regional members namely, Belarus and China and eleven institutional shareholders.
  6. [6]
    Contacts - Trade and Development Bank
    TDB Tower, 184 Lenana Road. Tel: +254 732 192 000. P.O. Box 48596 – 00100 Nairobi, Kenya. info@tdbgroup.org. To navigate the map with touch gestures double-tap ...
  7. [7]
    [PDF] TDB GROUP FACT SHEET - Trade and Development Bank
    TDB Group provides bespoke short-term and long-term financing solutions across diverse sectors to its sovereign, financial institutions, and corporates clients, ...
  8. [8]
    [PDF] CHARTER OF THE EASTERN AND SOUTHERN AFRICAN TRADE ...
    ... established under Article 7 of the Treaty;. “Bank” means the Eastern and Southern African Trade and Development Bank established by. Article 2 of this Charter ...
  9. [9]
    Trade and Development Bank (formerly PTA Bank)
    ... established as an autonomous specialized institution by the PTA Bank Charter on 6 November 1985, pursuant to the provisions of Chapter 9 of the COMESA Treaty.
  10. [10]
    [PDF] COMESA - INFINITE OPPORTUNITIES
    Established in 1985, the Eastern and Southern African Trade and. Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development ...
  11. [11]
    [PDF] TDB Group 2024 Audited Financial Statements
    **TDB % of shareholding in ESATF changed from 46.62% in 2022 to 44.00% in 2023. The decrease in TDB shareholding has been ceded to non-controlling interest ...Missing: metrics | Show results with:metrics
  12. [12]
    [PDF] TDB-Group-Sustainability-and-Development-Impact-Report-2023.pdf
    Sep 18, 2024 · Trade and Development Bank Group (TDB Group) aims to communicate TDB Group's impact on material sustainability issues. This Report, covering ...
  13. [13]
    TDB Group Wins 2025 Bank of the Year at African Banker Awards
    May 30, 2025 · The Trade and Development Bank Group (TDB Group) received the distinction of Africa's Bank of the Year – in recognition of the Bank's focus on inclusiveness.
  14. [14]
    TDB Group is Honoured with Three Global Finance Awards in 2025 ...
    May 19, 2025 · TDB Group is honoured to have been recognised with three accolades by Global Finance in 2025, reflecting the Group's performance, resilience and growing impact.
  15. [15]
    [PDF] First Line of Credit Eastern and Southern African Trade and ...
    Jun 30, 2000 · 2 The PTA Bank was established on 6 November 1985 under the provisions of Chapter 9 of the Treaty (1981) establishing the Preferential Trade ...<|control11|><|separator|>
  16. [16]
    [PDF] COMESA IN BRIEF
    COMESA was initially established in 1981 as the Preferential Trade. Area for Eastern and Southern Africa (PTA), within the framework of.
  17. [17]
    The Preferential Trade Area Of Eastern And Southern Africa
    · establishment of the PTA Trade and Development Bank for Eastern and Southern Africa (PTA Bank) in November 1985. The Bank provides finance for ...
  18. [18]
    Zambia: China Invests In PTA Bank - allAfrica.com
    Dec 13, 2000 · China has joined the PTA Bank taking up 1700 shares worth $24 million, making it the first non-African country to become a member of the ...
  19. [19]
    PTA's change in fortune - The Banker
    May 23, 2014 · PTA Bank, one of Africa's main development banks, was in crisis at the turn of the millennium. But it has since turned itself around and boosted ...Missing: instability | Show results with:instability
  20. [20]
    Interview with the Trade and Development Bank President Admassu ...
    Sep 27, 2017 · You've rebranded from PTA Bank to the Trade and Development Bank, what was the thinking behind that? It's been very well received and the whole ...
  21. [21]
    East Africa: PTA Bank Becomes Trade and Development Bank
    Nov 17, 2017 · The rebranding of PTA to TDB follows several years of improved asset quality , healthy profitability and innovation on the back of series of ...
  22. [22]
    TDB and the World Bank to Accelerate Access to Sustainable and ...
    Feb 12, 2024 · With an asset base of USD 10 bn, TDB Group has 25 African member states, which alongside non-regional member countries and institutional ...<|control11|><|separator|>
  23. [23]
    TDB Group Signs Landmark Agreements With Leading Dre And ...
    Jun 20, 2025 · TDB Group signs landmark agreements with leading Dre and Clean Cooking companies to deliver clean energy access for 3 million people within a year.
  24. [24]
    Trade and Development Bank: Home
    The Trade & Development Bank is an agile institution; a global & regional connector, and a dynamic value creator.Opportunities · About Us · Our Leadership · Contacts
  25. [25]
    TDB Group Holds its 2024 Annual General Meetings in Mozambique
    Aug 2, 2024 · With an asset base of USD 10 billion, TDB Group has 25 African member states, which alongside non-regional member countries and institutional ...
  26. [26]
    [PDF] ANNUAL REPORT & FINANCIAL STATEMENTS 2023
    TDB Group had positive performance in 2023, with profits up 11% and assets up 21%. The trade finance portfolio grew by 10% to USD 4.91 billion.Missing: metrics | Show results with:metrics
  27. [27]
    [PDF] ANNUAL REPORT & FINANCIAL STATEMENTS 2022
    In 2022, TDB Group's shareholders' capital and reserves grew by 14%. This year, TDB Group was delighted to welcome the unprecedented entry of three new ...
  28. [28]
    [PDF] TDB Charter (English) - Trade and Development Bank
    Jan 1, 2024 · Every certificate shall be under the seal of the Bank and shall specify the shares to which it relates, and the amount paid up thereon. 6. The ...
  29. [29]
    TDB Investor Relations - Trade and Development Bank
    The Bank's authorized capital stock, as per Article 5 of the Charter, is United States Dollars Six Billion Two Hundred Thirty-Four (USD 6,000,000,234) divided ...Missing: equity | Show results with:equity
  30. [30]
    Trade and Development Bank - Wikipedia
    The Trade and Development Bank (TDB), formerly the PTA Bank, is a trade and development financial institution operating in eastern and southern Africa.
  31. [31]
    [PDF] TDB Annual Report 2018 - Trade and Development Bank
    China joins the Bank and begins highway construction. The Democratic ... Project loans, and not on the basis of contractual maturity of the liability ...
  32. [32]
    TDB Group holds its 2024 annual general meetings in Mozambique
    Aug 2, 2024 · Ernesto Max Elias Tonela, Minister of Economy and Finance of the Republic of Mozambique, was elected as the new TDB Chairperson of the Board of ...
  33. [33]
    Our Leadership - Trade and Development Bank
    Kamari joined TDB in 2012 where she has been able to distinguish herself by ... Prior to joining the Bank in 2000, he served as Senior Consultant at ...
  34. [34]
    Our Leadership2 - Trade and Development Bank
    Mr. Tadesse is TDB Group President & Managing Director and Chairman of the TDB Group Executive Management Board. He co-chairs the boards of directors of TDB ...
  35. [35]
    Teams Page - Trade and Development Bank
    Prior to joining the Bank in 2000, he served as Senior Consultant at ... Siwale joined TDB as Head, Trade Finance in 2021. She is a seasoned banking ...
  36. [36]
    [PDF] TDB GROUP FACT SHEET
    • Global Finance: World's Best Bank for Trade Finance in Frontier. Markets (2022). • Global Finance: Best Trade Finance Bank in Mauritius (2024, 2022).<|control11|><|separator|>
  37. [37]
    Admassu Tadesse Bags African Banking Leadership Award at ALM ...
    Jul 10, 2025 · A two-time African Banker of the Year, Tadesse is widely acknowledged as a pioneer of forward-thinking development finance. His background, ...
  38. [38]
    [PDF] TDB FACTSHEET - Trade and Development Bank
    ASSET AND FUNDS MANAGEMENT. TDB Group's Asset Management is focused on the design, origination, and growth of stand-alone investment vehicles for a wide range ...
  39. [39]
    [PDF] TRADE FINANCE (TF) FACT SHEET
    TDB's Trade Finance (TF) provides short-term solutions, fostering trade, import/export financing, and includes pre/post-shipment, commodity, and supply chain ...Missing: hybrid | Show results with:hybrid
  40. [40]
    [PDF] TDB FACTSHEET - Trade and Development Bank
    ORGANIZATIONAL STRUCTURE. TDB Group is governed by a Board of Governors (BoG) comprised of shareholders' representatives and the Board of Directors (BoD).Missing: composition | Show results with:composition
  41. [41]
    [PDF] TDB SUSTAINABILITY AND DEVELOPMENT IMPACT REPORT 2021
    We aim to provide finance and to foster trade, regional economic integration, and sustainable development through trade finance, project and infrastructure ...
  42. [42]
    Lake Turkana Wind Power: Home
    Wind power offers a cleaner energy source compared to methods that require burning coal or fossil fuels, as it has no carbon emissions. As a result, wind ...Overview · Contact · Leadership Team · Winds of Change
  43. [43]
    RwandAir borrows $160m from PTA Bank to buy Airbus aircraft
    Jul 19, 2020 · RwandAir has borrowed $160 million more from PTA Bank (the Eastern and Southern African Trade and Development Bank) to acquire two aircraft ...
  44. [44]
    TDB and World Bank to Accelerate Access to Sustainable And ...
    Feb 12, 2024 · The World Bank extends close to USD 300 million to TDB to support distributed renewable energy and clean cooking private sector projects in the region served ...Missing: major | Show results with:major
  45. [45]
    African Development Bank and TDB Group Strengthen Trade ...
    Dec 6, 2024 · “TDB Group is delighted to strengthen its strategic partnership with the African Development Bank Group through tailored risk-sharing facilities ...Missing: sources | Show results with:sources
  46. [46]
    TDB Group Signs Loan Agreement with JBIC-Mizuho-NEXI for On ...
    Oct 15, 2024 · The agreement involves a loan from JBIC of up to USD 8.64 million and USD 5.76 million which is co-financed with Mizuho Bank, Ltd, bringing the total financed ...Missing: major sources
  47. [47]
    TDB Group is Honoured with 2 Awards at Global Finance Best Trade ...
    Jan 18, 2024 · Frankfurt, January 2024 – The Eastern and Southern African Trade and Development Bank Group (TDB Group) is honoured to have been recognized as ' ...
  48. [48]
    Trade and Development Bank Group - TDB Group's Post - LinkedIn
    May 21, 2025 · TDB GROUP RECOGNISED WITH THREE GLOBAL FINANCE AWARDS IN 2025 We are pleased to share that TDB Group has been honoured with three ...
  49. [49]
    CBC Partners with the Trade and Development Bank for the Digital ...
    Jan 22, 2021 · The COMESA Business Council (CBC) in partnership with the Trade and Development Bank (TDB) convened a high level Public-Private Dialogue.
  50. [50]
    Africa Finance Corp advances MDB hybrids with second benchmark
    Jan 16, 2025 · Africa has been the cradle of hybrid capital issuance ... The Eastern and Southern African Trade and Development Bank (TDB) also nearly issued ...
  51. [51]
    Inauguration Lake Turkana Wind Power - FMO
    Jul 25, 2019 · ... emissions by 380,000 tons of CO2 per year and created 2,500 jobs during the construction phase and 200 permanent jobs for the operation phase.Missing: carbon | Show results with:carbon
  52. [52]
    [PDF] TDB SUSTAINABILITY AND DEVELOPMENT IMPACT REPORT 2022
    This Report was commissioned by the Eastern and Southern African Trade and Development Bank (TDB) to report the Bank's development impacts and outcomes as ...Missing: volume | Show results with:volume
  53. [53]
    IATA Highlights Aviation's Role in Driving Rwanda's Economic Growth
    Sep 10, 2025 · IATA's Value of Air Transport study shows aviation contributes USD 160m to Rwanda's GDP, supports 42000 jobs, and drives growth through ...
  54. [54]
    The case of Kenya's Lake Turkana Wind Power Project | Climate ...
    Jan 31, 2017 · mitigate greenhouse gas emissions equal to 740,000 metric tons of carbon dioxide equivalent (tCO2eq) annually · increase national electricity ...
  55. [55]
    [PDF] FINANCIAL PERFORMANCE - Trade and Development Bank
    PROFITABILITY. For the year 2019, the Bank made a net profit of USD 151.30 million, which is an increase of. 17% from USD 129.33 million realised in 2018.
  56. [56]
    [PDF] eastern and southern african trade and development bank (tdb)
    Jun 30, 2025 · The Group measures financial assets such as derivative financial instruments, quoted and unquoted investments and non-financial assets such ...Missing: metrics | Show results with:metrics