Overview

CDB provides $60 million loan to Southern African Trade and Development Bank for on-lending to projects and SMEs in the COMESA region

Commitments (Constant USD, 2023)$61,533,191

Commitment Year•2014Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 10, 2014

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Intergovernmental Organizations

Eastern and Southern African Trade and Development Bank (TDB)

Loan description

CDB provides $60 million loan to Southern African Trade and Development Bank for on-lending to projects and SMEs in the COMESA region

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 10, 2014, an agreement was signed for China Development Bank (CDB) to provide a $60 million credit line to Eastern and Southern African Trade and Development Bank (TDB) -- also known as the Trade and Development Bank, and formerly the PTA Bank -- for on-lending to projects and SMEs in the Common Market for Eastern and Southern Africa (COMESA) region. The agreement was signed by the PTA President, Admassu Tadesse, and the Executive Vice President for CDB, Wang Yongsheng, at State House in Nairobi.