Multinational - Eastern and Southern African Trade and Development Bank (PTA Bank)


Project Summary

Approval Date 02 Oct 2013
Signature Date 17 Dec 2013
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 35,416,032.13
Status Implementation

Project General Description

The Project is a support to strengthen the balance sheet of the Eastern and Southern African Trade and Development Bank (PTA Bank). This will enhance the bank’s ability to mobilize financial resources from local and international capital markets to meet a growing demand for funding in the TFTA, which includes some of the fastest growing economies in Africa. In addition, the project will facilitate the subscription of new Class B shares in the PTA Bank. This should play a catalytic role in encouraging other non-regional shareholders to boost the bank's capitalization.

Project Objectives

The main objective of the poroject is to strengthen the balance sheet of the Eastern and Southern African Trade and Development Bank (PTA Bank) through the subscription of USD 20 million new class B shares; and an LOC of USD 50 million to finance investment projects in PTA Bank’s regional member states.

Beneficiaries

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.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-Z1-HAA-050
Last Update 22 Nov 2020

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Multinational