TDB GROUP AND MOTA-ENGIL AFRICA SIGN USD 150 MILLION SYNDICATED MULTI-COUNTRY FACILITY TO FINANCE TRANSPORT, MINING AND HEALTH PROJECTS
Media contacts:
Anne-Marie Iskandar
Senior Communications Officer
Corporate Affairs and Investor Relations
Trade and Development Bank Group
Anne-Marie.Iskandar@tdbgroup.org
Mota-Engil Africa
Joana Viegas
Head of Marketing & Communication
joana.viegas@mota-engil.com
Nairobi, 3 April 2025 – The Trade and Development Bank Group (TDB Group) and Mota-Engil Africa are pleased to announce the signing of a USD 150 million syndicated facility to finance transport, mining and health projects in TDB Member States in East Africa and West Africa.
The 5-year facility, for which TDB acted as the sole Mandated Lead Arranger (MLA), will enhance Mota-Engil Africa’s operational capabilities through capital expenditure and working capital, and serve to finance an airport, a gold mine, as well as a cutting-edge mRNA vaccine manufacturing facility.
The innovative structure of the deal, replicable framework, and solid bankability is a suitable model to replicate for multi-country project finance in Africa. It supports the development of critical infrastructure projects while fostering local economic development and resilience, including the sourcing of materials locally, including steel and cement.
“We are pleased to extend this financing to Mota-Engil Africa which TDB Group has been financing since 2020 as part of a group of lenders” said Michael Awori, Trade and Development Banking SBU Chief Executive. The financing will support mining value chain development, various job creation and forex generation, while the vaccine factory will bolster African biotech capabilities, and the airport will enhance regional connectivity, tourism and trade.
Pedro Sá, Mota-Engil Africa CFO said: “Mota-Engil Africa has been present on the continent for 79 years, delivering tier-1, sustainable, and transformative solutions to bridge Africa’s infrastructure gap. Our partnership with the Trade and Development Bank, initiated in 2020 and reinforced in 2024, strengthens our ability to deliver key projects in transportation, mining, and healthcare—mobilising the necessary funding to drive Africa’s development.”
About TDB
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB) is an African regional development finance group, with the mandate to finance and foster trade, regional economic integration and sustainable development. With an asset base of USD 10 bn, TDB Group has 25 African member states, which alongside non-regional member countries and institutional investors from Africa, Europe and Asia, form TDB’s community of shareholders.
TDB Group counts several subsidiaries and strategic business units including Trade and Development Banking, TDB Group Asset Management, the Trade and Development Fund (TDF), TDB Captive Insurance Company (TCI), the ESATAL fund management company and TDB Academy.
About Mota-Engil Africa
Mota-Engil Africa is a leader in the infrastructure sector across Africa, with operations in 14 countries and over 75 years of experience on the continent. Specializing in Engineering and Construction, Transport, Energy, Mining, and Environment, the company boasts an impressive portfolio comprising more than 1,000 completed projects and 89 ongoing works, distinguished by its technical expertise and ability to operate in challenging contexts. With landmark projects such as the Lobito Rail Corridor in Angola, the Kano-Maradi Railway Line, the rehabilitation of Baía de Luanda, the Cabinda General Hospital, the New Bugesera International Airport, and several industrial engineering projects across the continent, Mota-Engil Africa seamlessly integrates innovation and sustainability, driving economic growth and social progress in the communities it serves.
Committed to excellence and sustainable growth, the company continues to invest in Africa, supported by a workforce of over 21,000 employees and an integrated strategy that prioritizes resilience and local impact. Mota-Engil Africa maintains a clear focus on the future, reinforcing its position as a strategic partner in building critical infrastructure and driving progress across the continent.
