TDB GROUP CELEBRATES 40 YEARS OF ADVANCING AFRICAN SUSTAINABLE DEVELOPMENT IN MAURITIUS
Media contacts:
Anne-Marie Iskandar
Senior Communications Officer
Corporate Affairs and Investor Relations
Trade and Development Bank
Anne-Marie.Iskandar@tdbgroup.org
Ébène, 26 September 2025 – The Trade and Development Bank Group (TDB Group) marked its 40th anniversary earlier this week during a high-level commemorative cocktail reception at the Hennessy Park Hotel in Mauritius, which was attended by Government Officials, captains of industry, development partners and investors.
Among those present were the Hon Dhaneshwar Damry, Mauritius’ Junior Minister of Finance, Mr Désiré Vencatachellum, the Financial Services Commission Chief Executive, Mr Sunil Benimadhu, Mauritius Stock Exchange Chief Executive, as well as CEOs and senior representatives from key Mauritian banks and companies – in addition to TDB Group’s President and Managing Director Mr Admassu Tadesse, and the Group Board of Directors.
TDB was established in 1985 by the Member States of COMESA, and has since then grown into a group, with an expanded geographical footprint which spans every African sub-region, and several strategic business units and subsidiaries – becoming increasingly purpose-built to evolve with the times and effectively meet the continent’s expanding needs with greater efficiency and impact.
Since joining the Bank in 1991, TDB Group has availed financing to several Mauritius-based companies in several sectors, including in agribusiness, fisheries, energy, ICT, health care and financial services. Likewise, Mauritius has played a strategic role in the transformation, evolution and growth of TDB Group – proving to be a solid platform from where the Group has grown and continued to drive impact across the continent.
The country is also host to a TDB Group Principal Office since 2013, and in the past few years, became home to the TDB Captive Insurance Company (TCI), alongside many of the Group’s asset management activities, including the fund managers ESATAL and ESAIF, and the flagship trade fund ESATF.
With over US$ 58 billion disbursed in Africa over the past 40 years, TDB Group is African regional multilateral financial institution that has found ways to become ever more impactful, and indeed a significant force in Africa’s home-grown development financing efforts.
The theme of TDB Group’s landmark ruby anniversary celebrations – Innovating Solutions to Accelerate Sustainable Development – is a reflection of TDB Group’s core purpose and operating principle. As TDB Group enters its fifth decade, it will continue to innovate and strengthen its role as a catalyst to scale-up development financing, and become ever more fit-for-purpose to deliver on its mandate to finance and foster trade, regional economic integration, and sustainable development in Africa, including in and with Mauritius.
About TDB Group
Established in 1985, the Trade and Development Bank Group (TDB Group) is an African regional multilateral development bank, with a mandate to finance and foster trade, regional economic integration, and sustainable development in Africa. TDB Group counts several subsidiaries and strategic business units including Trade and Development Banking, TDB Asset Management (TAM), the Trade and Development Fund (TDF), TDB Captive Insurance Company (TCI), the ESATAL fund management company and TDB Academy.
