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

$60M USD

Funder	China Development Bank (CDB)
Recipient Organization	Eastern and Southern African Trade and Development Bank (TDB)
Country	Africa, regional
Start Date	May 10, 2014
End Date	Mar 03, 2028
Duration	5,046 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59445`

Grant Description

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

📚 Sources & References

PTA Bank in $160m loan deal for SMEs
PTA_Bank_Annual_Report_2014
PTA bank in $160m loan deal for SMEs
PTA bank in $160m loan deal for SMEs
PTA Bank and CDB sign $60 million agreement Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.