EASTERN AND SOUTHERN AFRICAN TRADE
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Eastern and Southern African Trade and Development Bank (TDB) and previously PTA Bank, is a specialized African regional financial institution established in 1985 that provides short, medium and long-term financing, across a wide set of sectors, both private and public-sector clients, on sustainable and commercial principles.
What is our funding objective?
A USD 15 mln Trade Facility Limit to existing client TDB under the FMO Trade Enhancement Program to further support trade finance activities.
Why do we fund this investment?
Trade finance is an important mean to promote and facilitate trade in- and between emerging markets. With African economies on the rise again, there is increasing demand for trade finance lines. Various recent studies have indicated a multi-billion trade finance gap annually in Africa alone as the international financial crisis saw many international banks pulling back from emerging markets. By supporting trade finance activities, FMO helps addressing the trade finance gap thereby increasing capacity to facilitate trade flows with- and within Africa.
What is the Environmental and Social categorization rationale?
This facility has been categorized as Category B/C in accordance with FMO’s Sustainability Policy. The trade finance activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of this facility, TDB will be required to apply the EDFI Exclusion List and national E&S laws and regulations.
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 11/15/2018
- End date
- 5/4/2021
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A