Trade and Development Bank Group - TDB Group

#TDBGroup was pleased to participate in a thought-provoking session on Trade Finance: Bridging Africa's correspondent banking gap at the AFRICA FINANCIAL SUMMIT - AFIS, this 9th December 2024, in #Casablanca, #Morocco. “There is indeed a mismatch between trade finance demand and supply. To scale-up, we must go beyond linear balance-sheet growth, and grow new capacities through asset management and alternative vehicles. Towards this end, we need to grow alternative asset classes through innovation and strategic partnerships, including more risk sharing and credit enhancement. An example is our now mature ESATF trade fund which has succeeded in crowding-in several unconventional institutional investors in the trade finance asset class. Furthermore, in addition to embedding the use of new technologies such as blockchain, we are also doubling down on efforts to support regional and local banks which effectively support SMEs, not only through financing but also capacity building on topics such as intra-regional, trade, standards and regulatory compliance, to make sure they are fit for purpose.” ->Admassu Tadesse, TDB Group President and Managing Director Mr. Tadesse joined Khaled Al-Aboodi, Advisor to the Chairman of the BADEA - Arab Bank for Economic Development in Africa, Dr. Benedict Oramah, President, African Export-Import Bank (Afreximbank), Mustafa Rawji, CEO, Rawbank in this engaging session moderated by Nathalie Louat, Global Director, Trade and Supply Chain Finance, IFC - International Finance Corporation. #tradefinance #assetmanagement #Africa

The African Development Bank Group and #TDBGroup on 6th December 2024 have signed an agreement for a USD 150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility. The agreement was concluded on the sidelines of the African Investment Forum #AIF Meetings in #Rabat, #Morocco. The RPA aims at bolstering #intraAfricantrade, promoting #regionalintegration, and contributing to the reduction of the #tradefinance gap in #Africa. Beneficiaries of this facility are local and regional issuing banks in TDB’s member states whose ability to grow #tradefinance business is constrained by inadequate trade confirmation lines from international confirming banks with reduced appetite. The second group of beneficiaries are African #SMEs and domestic firms who rely on these issuing banks to fulfil their trade finance commitments. “TDB Group is delighted to strengthen its strategic partnership with the AfDB Group through tailored risk-sharing facilities aimed at scaling up trade finance. This crucial support will help bridge the significant gaps in trade finance access as major international banks continue retreating from the continent,” said Wegoki Mugeni, TDB Group COO, East Africa.

The President of the Republic of Angola, H.E. João Lourenço and #TDBGroup President and Managing Director, Admassu Tadesse met today at the Presidential Palace. Also present in the meeting were H.E. José de Lima Massano, Minister of State for Economic Coordination, H.E. Vera Daves de Sousa, Minister of Finance, Armando Manuel, Chairman of the Board of Directors of the Fundo Soberano de Angola-FSDEA, and Mary Kamari, Trade and Development Fund Executive Director and TDB Group Corporate Affairs and Investor Relations Executive.   The meeting focused on #financingopportunities and the development of strategic projects that promote sustainable #economicgrowth in the country and the region and highlighted the Angolan Government’s commitment to attracting international partners and enhancing the country's role as a significant player in the economic landscape of Southern and Eastern Africa.  #TDBGroup in collaboration with Fundo Soberano de Angola-FSDEA will hold their first business forum under the theme ‘Funding Opportunities with TDB Group’ on 29 November 2024 at the Talatona Convention Hotel in Luanda, Angola. #Angola #FSDEA #TDBGroup #EconomicCooperation #SustainableDevelopment #Financing #BusinessForum #JoãoLourenço #InternationalPartnerships

Speaking at #AADFI’s CEO Forum of African Development Finance Institutions (DFIs), Admassu Tadesse, #TDBGroup President and Managing Director, addressed #developmentfinance industry issues including the critical barriers impeding access to vertical funds, which are important for addressing #climatechange and achieving #SDGs and reaffirmed the critical role of African #DFIs in addressing the continent’s development challenges.   Read the full article in this edition BIZweek.

TDB Group in collaboration with Fundo Soberano de Angola-FSDEA will hold their first business forum under the theme ‘Funding Opportunities with TDB Group’ on 29 November 2024 at the Talatona Convention Hotel in Luanda, #Angola. The event will bring together business leaders, investors, financial institutions, and government representatives to explore #innovativefinancing solutions designed to foster #sustainable #development in Angola and the broader region. This collaborative initiative between the TDB Group and FSDEA is aimed at empowering businesses, enhancing #economicresilience, and strengthening Angola’s position as a key player in #regionaldevelopment The forum will offer a unique opportunity for participants to:  - Engage in discussions on financial innovations that drive sustainable growth.  -Network with key stakeholders, exchanging ideas and forming strategic partnerships. -Discover new Angolan financing opportunities and the region’s unique economic landscape #TradeFinance #Business #Networking

#TDBGroup is pleased to announce a USD 394 million landmark syndicated sustainability-linked loan to ETG, the largest independent agricultural commodity supply chain manager on the African continent, with #TDB and FMO - Dutch entrepreneurial development bank as mandated lead arrangers, and alongside other lenders including DEG, FinDev Canada, Proparco, The OPEC Fund for International Development, FMO Investment Management and ILX.    Michael Awori, Trade and Development Banking Chief Executive said: “TDB is pleased to serve as co-arranger alongside FMO, as well as facility agent on this groundbreaking sustainability-linked loan for ETG, a longstanding client of the Bank. Since 2016, the Bank has financed over USD 350 million via several types of facilities for ETG which have served to support food security in the region, and accelerate sustainable and responsible practices.” #agriculture #africa #sustainableagriculture #sustainabledevelopment #trade #foodsecurity

#TDBGroup had the pleasure to contribute to a session focused on fostering #greeninvestment and #partnerships in #Africa organised during #COP29 in #Baku, by CDP Cassa Depositi e Prestiti, Ministero degli Affari Esteri e della Cooperazione Internazionale, and Ministero dell'Ambiente e della Sicurezza Energetica alongside other leading voices in climate finance. “While demand for climate-themed capital is very high in Africa, its supply has been slow, aggravated by often challenging conditions for the use of proceeds and high cost of funding. We need more effective win-win partnerships to unlock the deployment of more climate finance. TDB Group’s interventions are aligned with the spirit of #Italy's Mattei Plan, and the Italian Climate Fund managed by #CDP. In particular, the Group’s Trade and Development Fund #TDF can play a pivotal role in intermediating soft capital where it is needed the most, and provide technical assistance to enhance the bankability of relevant projects.”   -Mary Kamari, Executive Director, Trade and Development Fund, and Group Executive, Corporate Affairs and Investor Relations, TDB Group #infrastructure #sustainabledevelopment #foodsecurity #energytransition #PGII #climatefinance #greengrowth

TDB Group, through #TDB Academy, in collaboration with the The African Legal Support Facility hosted the first edition of “The African Attorneys General Roundtable Meeting” on 4-5 November 2024 in Nairobi, Kenya.   The roundtable provided participants with an opportunity to discuss the current responsibilities and functions of the Office of the Attorney General and identify challenges, concerns, and #capacitybuilding gaps, in conjunction with solutions and action points to address these. The training also explored opportunities for common approaches to legal risk management, and how the role of the Office of the Attorney General may evolve in the future, in its capacity as the focal point for #sovereign #legalriskmanagement, and the groundwork was layed for the creation of an AG network. David Bamlango TDB Group Vice President, Deputy Managing Director and General Counsel said, “As promoters of the rule of law and defenders of the public interest, Offices of Attorneys General require the right resources, tools and appropriate skills to understand, negotiate, and execute the most complex commercial transactions and manage the legal risks faced by the governments they serve. Through our TDB Academy, and in close partnership with key institutions like ALSF, we are committed to delivering transformative capacity development programmes that empower talent within our Member States, ensuring they are prepared to tackle current challenges and capitalize on future opportunities." https://lnkd.in/dWbSu5Vr

#TDB is pleased to announce that it has obtained an inaugural A- #investmentgrade rating from the Japan Credit Rating Agency (JCR).   Other TDB #creditratings from GCR Ratings, Fitch and Moody’s have been affirmed in some cases, and revised downwards in others, in line with the current operating context.   The ESATF trade fund, a collective investment scheme financing short to medium-term transactions managed by the ESATAL fund management company, a TDB Group subsidiary - has also obtained its first ratings, both investment grade, namely AAA ratings from CareEdge Africa and A- ratings from JCR.   For more comprehensive information, we invite you to read our press release.

These past 2nd and 3rd of October, U.S. Trade and Development Agency (USTDA), in collaboration with #TDBGroup, hosted the U.S.-Africa Public Private Partnerships for Infrastructure Workshop at TDB Tower, TDB Group’s Nairobi Operations Hub. Aimed at fostering dynamic discussions around #PPP priorities, expectations, and limitations, the programme examined the current landscape, ways to improve PPP structuring, as well as relevant case studies. More than 250 PPP stakeholders from government, industry, financial institutions, impact investors, and philanthropic organizations participated in technical sessions covering several key topics related to #infrastructure #PPPs. These included among others early-stage financing, enabling regulatory environments, PPP strategies and implementation models, risk mitigation mechanisms, advisory support and #technicalassistance, and more.   TDB Group enjoys a long-standing relation with several U.S. institutions, including some of its top financial players. As part of these excellent relationships, the Bank signed a memorandum of understanding with #USTDA in 2021 with the purpose of advancing #cooperation in select economic sectors between #US #privatesector and TDB Member States. https://lnkd.in/dfUcBwzT