|Approval Date||12 Mar 2008|
|Signature Date||15 May 2008|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||24030|
The PTA Bank Investment Project is a financial support package that is part of Governor's Board Policy aimed at strengthening the institution's capital base and boost its borrowing capacity to meet their targets and operational objectives. The project aims at strengthening the Institution to enable it to increase its development impact in the sub-region. A stronger PTA Bank will help increase capital inflows to the sub-region, thereby supporting the Member States' investment drives to create economic activities capable of generating employment and alleviating poverty. The project intervention consists of three principal components: (i) a contribution of USD 6.8 million in payable capital and USD 40.8 million as callable capital; (ii) a line of credit of USD 50 million; and (iii) Technical Assistance of USD 1.0 million.
The objective of this financial support package is to assist PTA Bank in its expansion drive and in turn enhance the institution's development impact on the sub-region.
The project’s main Beneficiaries are the Trade and Development Bank (PTA Bank) regional member States, namely: Burundi, Comoros, China, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Somalia, Sudan, Tanzania, Uganda, Zambia, Zimbabwe.
African Development Bank
Fund for African Private Sector Assistance
|Last Update||31 Oct 2019|