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Ng’andu takes up TDB board chairmanship

MINISTER of Finance Bwalya Ng’andu with Trade and Development Bank president Admassu Tadesse when the latter paid a courtesy call on him at Ministry of Finance headquarters in Lusaka recently. PICTURE: MINISTRY OF FINANCE

CHIMWEMWE MWALE, Livingstone
THE 35th annual general meeting of the Trade and Development Bank (TDB), an eastern and southern African multilateral, treaty-based development financial institution with assets of US$5.6 billion, gets underway today in Livingstone.
Established in 1985, the bank’s mandate is to finance and foster trade, regional economic integration and sustainable development through trade finance, project and infrastructure finance, asset management and business advisory services.
The bank’s membership comprises 22 member states from across the Common Market for Eastern and Southern Africa (COMESA), Eastern African Countries (EAC), and Southern African Development Community (SADC), two non-regional members, Belarus and China, and 13 institutional shareholders.
The latter include the African Development Bank (AfDB), African Reinsurance Corporation, Arab Bank for Economic Development in Africa (BADEA), Banco Nacional de Investimento (Mozambique), Mauritian Eagle Insurance Company and National Pension Fund (Mauritius).
Others are National Social Security Fund (Uganda), OPEC Fund for International Development (OFID), PTA Reinsurance Company, Rwanda Social Security Board, Sacos Group (Seychelles) and Seychelles Pension Fund.http://epaper.daily-mail.co.zm/

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