About Us

Who We Are

Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB) is an African development finance institution, with investment grade ratings and assets of USD 8.4bn. TDB serves 25 member states in its region, with the mandate to finance and foster trade, regional economic integration and sustainable development, through trade finance and project and infrastructure finance.

The Bank provides bespoke bilateral and syndicated short and long-term financial solutions in numerous sectors to sovereign, financial institution, and corporate clients, including SMEs, from the region. This includes direct financing via senior and mezzanine debt, equity, guarantees, export credit financing as well as a range of non-financial products such as advisory, asset management and agency services.

The consistent delivery of triple bottom line development impact alongside attractive financial returns has enabled TDB to position itself as a trusted partner to intermediate global and regional capital into the region it serves. TDB has an innovative equity capital structure with 47 sovereign and institutional shareholders, including pension funds, insurance companies, sovereign wealth funds and development finance institutions. The Bank mobilizes debt funding from multilateral and bilateral banks, commercial banks, and investors from across the globe – through capital market issuances, long and short-term lines of credit, risk-sharing agreements, co-financing arrangements, and export credit financing.

The Bank is firmly committed to sustainability principles and well-aligned via its robust ESG framework with the Sustainable Development Goals, the African Union’s Agenda 2063, and the Paris Agreement.

Among its most recent latest recognitions, TDB received Global Finance’s award for ‘Best Bank for Trade Finance in Emerging Markets’ globally, Global Trade Review Leaders in Trade award for ‘Best Development Bank’ globally, as well as African Banker Awards’ ‘DFI of the Year’ and ‘Sustainable Bank of the Year’.

TDB has principal offices in Mauritius and Burundi, regional offices in Kenya, Zimbabwe and Ethiopia, and DR Congo.

TDB is part of TDB Group, which also comprises the Trade and Development Fund (TDF), Eastern and Southern African Trade Advisers Limited (ESATAL), TDB Captive Insurance Company (TCI), and the TDB Academy.

ABOUT TDB GROUP SUBSIDIAIRIES

About TDF      

The Trade and Development Fund (TDF) provides innovative alternative financing solutions to clients in TDB Group member states, with a particular focus on groups that are traditionally underserved, such as MSMEs, women and youth. TDF also provides project development grants, technical assistance, thought leadership and programme management services.

About ESATAL

Eastern and Southern African Trade Advisers Limited (ESATAL) is the manager of the Eastern and Southern African Trade Fund (ESATF), a trade finance fund which focuses on advancing trade-led economic and social development via the financing of short to medium-term trade transactions, including those of SMEs. ESATAL and ESATF are part of TDB Group’s asset and fund management activities which are focused on the design, origination, and growth of stand-alone investment vehicles for a wide range of investors and development partners.

Group President & Managing Director (GPMD)

Admassu Tadesse

Mr. Tadesse is TDB Group President & Managing Director and Chairman of the TDB Group Executive Management Board. He co-chairs the boards of directors of TDB Group, the Trade and Development Fund (TDF), the TDB Captive Insurance Company (TCI), the TDB Fund Manager (ESATAL) and the ESA Trade Finance Fund (ESATF).

He serves on the governing organs of several global and continental industry bodies, notably the International Development Finance Club, Finance in Common and the Africa Investment Forum. He also serves as Chairman of the Board of Directors of Financial Sector Deepening Ethiopia, a-not-for-profit financial sector development agency. He is a member of the boards of directors of the Washington D.C.-based Corporate Council on Africa, ZEP-RE (PTA Reinsurance Company) and Gulf African Bank. In the past, he has also served on the boards of various development finance institutions/funds/associations in Paris, London and Geneva, as well as Johannesburg, Gaborone and Abidjan.

From 2012 to 2022, he led PTA Bank, and spearheaded its evolution into TDB Group. During the previous decade, he served as Executive Vice President at the Development Bank of Southern Africa, responsible for international finance and corporate strategy. He has also served with multilateral funding agencies in Johannesburg, Windhoek and New York in various capacities including executive, senior advisor, management consultant and economist, including at the United Nations.

He has been a member of the Institute of Directors of Mauritius/South Africa and the Institute of Bankers of South Africa/Kenya. An economist and banker, Mr. Tadesse qualified at the London School of Economics and Political Science, Wits Business School and Western University of Canada. He also trained in advanced management and banking at Harvard Business School and INSEAD, among others. He is a recipient of multiple industry awards, including African Banker of the Year, African Business Leader of the Year and African Development Banker of the Year.

Group Vice President, Deputy GMD & GC

David Bamlango

Mr. David Bamlango is Group Vice President, Deputy Managing Director, and General Counsel of TDB Group and is the Group’s Chief Legal Officer, advising TDB Group’s management and governing bodies on various legal, regulatory, and policy issues and leading its Legal Services Department. He co-chairs TDB Group’s Executive Management Board. He also serves as Co-Chair of several statutory committees of the Bank and provides senior and strategic oversight to TDB Group’s Asset Management business.

Mr. Bamlango has over 18 years of extensive experience as a banking, legal, and finance professional. Prior to his appointment at TDB Group, Mr. Bamlango was a Partner in the Finance Practice Group of DLA Piper LLP in Chicago, in the United States.

He is a member of several industry bodies and has served on numerous boards, including current service on the boards of TDB Group subsidiaries Eastern and Southern African Trade Advisers Limited (ESATAL) and Trade and Development Fund (TDF). He also serves on the global board of the Association of Corporate Counsel (ACC), the largest voluntary professional organization of in-house lawyers in the world with over 40,000 members, as a Director and Treasurer. He is an Independent Director and Board Chair for Congo Energy Solutions Limited, a Mauritius‑based solar-power development and distribution company operating in the Democratic Republic of Congo through its subsidiary Nuru S.A.R.L.

Mr. Bamlango holds a Juris Doctor degree from Chicago-Kent College of Law, at the Illinois Institute of Technology, and a master’s degree in business law from Université Paris 1 Panthéon-Sorbonne, a License in Law from Université Lille 2, and a Graduate in Law from Université Libre des Pays des Grands Lacs in Goma. He is admitted to practice law in the State of New York and the State of Illinois. He is fluent in English, French, Swahili, and Lingala.

Group Vice President & Deputy GMD

Joy Ntare

Ms. Ntare joined the Bank in April 2014 with over 26 years of experience in accounting and finance. She was previously employed by the Central Bank of Rwanda for 20 years in several capacities including as Director General for Financial Stability and Director of Supervision of Non-Bank Financial Institutions.

She also worked at the Tanzania Electric Supply Company. Ms. Ntare holds Advanced Diploma in Accountancy and a MBA from Cardiff Business School, University of Wales. She is a member of the Association of Chartered Certified Accountants (UK) and the Institute of Certified Public Accountants of Rwanda (ICPAR)

Chief Executive, ESATAL Fund Manager & Indian Ocean Coverage

Daniel Lam Chun

Mr. Lam Chun joined TDB in 2018 and possesses over 15 years of experience in corporate finance and investment banking in senior roles in Mauritius. Prior to his appointment as Coverage Executive, Franco-Lusophone Africa (ad int), he was Head, Deal Structuring and Head, Coverage Franco-Lusophone Africa.

Mr. Lam Chun holds Master of Business Administration from the Université Panthéon-Sorbonne, Paris Dauphine, a Master of Professional Accounting, Control & Audit from Université d’Auvergne Clermont, MSc. in Accounting & Finance from Université d’Auvergne Clermont and Bachelor of Business Administration from Université Lumière Lyon. He is a national of Mauritius and is bilingual in English and French.

Director

Mr. Maheshwar Doorgakant

is a Fellow of the Institute of Chartered Accountants of England and Wales and is the Managing Director of Apex Fund Services (Mauritius) Ltd. Mr. Doorgakant holds a number of directorships on the boards of numerous India and Africa focused funds and companies through which he has acquired extensive experience and knowledge on key industries in India and Africa and their principal capital markets. Mr. Doorgakant is also President of the Executive Committee of the Association of Trust and Management Companies of Mauritius. Prior to joining Apex (Mauritius), he was the Group Financial Controller of a major listed group in Mauritius. He had previously managed another Mauritian management company specialising in the management and administration of global business companies.

Director

Mr. Mahmad Tahleb Rujub

is a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of the Mauritius Institute of Professional Accountants (MIPA) and the International Fiscal Association (IFA) (Mauritius Branch). He is Head of Tax Services at Apex Fund Services (Mauritius) Ltd. Mr. Rujub also holds other directorships on the boards of global business companies through which he has acquired extensive experience and knowledge on key industries. Prior to joining Apex (Mauritius), he held positions at the Mauritius Ministry of Labour, Industrial Relations and Employment and at a leading Offshore Management Company.

Director

Mr. Mohamed Kalif

Mr. Khlaif is the former Head of Financial Intermediation and Inclusion at the African Development Bank (AfDB), which role covered commercial banks, insurance, leasing, regional development financial institutions, equity investments, and financial inclusion, including digital payment system throughout the African continent. Before joining the Financial Sector Development of the AfDB in 2010, Mohamed was the Chief Commercial Risk Officer of AfDB for seven years. Prior to joining the AfDB, Mr. Kalif was Head of Project and Construction Finance for a commercial bank in Dubai where he was responsible for the development of the bank’s project finance activities throughout the Middle East including Saudi Arabia, Egypt, United Arab Emirates, Oman and India. He also served as a credit manager for one of the largest banks in Saudi Arabia for four years. Mr. Kalif has accumulated twenty-eight years of banking experience and corporate governance, including risk management, corporate banking and project finance lending in commercial banks, development financial sector, equity investment analysis, and evaluation and digital financial services environment.

About TCI

TDB Captive Insurance (TCI) provides risk insurance and reinsurance cover exclusively for TDB and TDB Group subsidiaries, to provide further efficiencies in the Group’s risk management.

Group President & Managing Director (GPMD)

Admassu Tadesse

Mr. Tadesse is TDB Group President & Managing Director and Chairman of the TDB Group Executive Management Board. He co-chairs the boards of directors of TDB Group, the Trade and Development Fund (TDF), the TDB Captive Insurance Company (TCI), the TDB Fund Manager (ESATAL) and the ESA Trade Finance Fund (ESATF).

He serves on the governing organs of several global and continental industry bodies, notably the International Development Finance Club, Finance in Common and the Africa Investment Forum. He also serves as Chairman of the Board of Directors of Financial Sector Deepening Ethiopia, a-not-for-profit financial sector development agency. He is a member of the boards of directors of the Washington D.C.-based Corporate Council on Africa, ZEP-RE (PTA Reinsurance Company) and Gulf African Bank. In the past, he has also served on the boards of various development finance institutions/funds/associations in Paris, London and Geneva, as well as Johannesburg, Gaborone and Abidjan.

From 2012 to 2022, he led PTA Bank, and spearheaded its evolution into TDB Group. During the previous decade, he served as Executive Vice President at the Development Bank of Southern Africa, responsible for international finance and corporate strategy. He has also served with multilateral funding agencies in Johannesburg, Windhoek and New York in various capacities including executive, senior advisor, management consultant and economist, including at the United Nations.

He has been a member of the Institute of Directors of Mauritius/South Africa and the Institute of Bankers of South Africa/Kenya. An economist and banker, Mr. Tadesse qualified at the London School of Economics and Political Science, Wits Business School and Western University of Canada. He also trained in advanced management and banking at Harvard Business School and INSEAD, among others. He is a recipient of multiple industry awards, including African Banker of the Year, African Business Leader of the Year and African Development Banker of the Year.

Member

Abdel-Rahaman Taha

Dr. Taha holds a PhD in Business Administration from the University of California, Los Angeles and an MBA from the University of California, Berkeley. He has over 40 years’ experience in the management of regional multilateral development finance institutions focusing on trade finance and export credit and political risk insurance, covering African and other developing countries.

Dr. Taha previously served as the CEO of the Islamic Corporation for the Insurance of Investment and Export Credit. He currently sits on the board of The TDB Captive Insurance Company(TCI)

Member

Busisiwe Alice Dlamini – Nsibande

Busisiwe Dlamini is an experienced macroeconomist with over 30 years of exposure and working as an economist; supervising and providing economic research on pertinent issues, analyzing domestic, regional, and international economic developments to inform authorities and policy makers to take informed policy decisions on different sectors of the economy.

 

Busisiwe worked at the Central Bank of Eswatini for 25 years eight of which as Director of the Economics department, providing updates on domestic, regional and international developments to the Bank’s executive committee and Bankers Association meetings.

She coordinated the monitoring and surveillance of the SADC macroeconomic convergence program to ensure economic stability in the region. (2008 to 2017)

Ms. Dlamini is currently a member of the Central Bank of Eswatini Monetary Policy Committee and advises on fiscal and monetary issues. She holds a Bachelor of Arts in Economics and Statistics from the University of Botswana and Swaziland and a master’s in economics from the University of Essex

She currently sits on the board of The TDB Captive Insurance Company(TCI)

Member

Mrs. Hanjali Permalloo-Le Roux

Hanjali holds an MBA from La Sorbonne Business School, Paris and a M.Sc. Information Management from the University of Lancaster, UK.

Hanjali is a management professional with 20 years progressive experience in strategic planning and development, operational and digital transformation, and project management for a variety of industries. She gained international exposure through her consulting assignments in Paris, Spain and the USA while working for Accenture Paris.

She has managed large-scale systems integration projects requiring intensive functional and industry knowledge and expertise, as well as, change management programmes to ensure the smooth transition to new seamless systems and processes.

Prior to joining Rogers Capital in June 2019, Hanjali was General Manager of AXA Customer Services Ltd, the outsourcing arm of AXA Partners, an organisation of 250 employees offering various insurance and banking services to AXA clients aboard.

About TDB Academy

The TDB Academy is the capacity building arm of TDB Group, offering training, seminars, conferences, study tours and other human and institutional capacity development interventions in the financial and investment segments of interest to TDB and its partner.