Trade and Development Bank Archives

Kenyatta opens new Trade and Development Bank tower

by CEO ReporterEast Africa News & AnalysisJune 8, 2022June 8, 2022

Kenyan president Uhuru Kenyatta has opened the new permanent premises of the Trade and Development Bank.The magnificent 20-floor tower, located in Nairobi’s Kilimani area, will serve as the bank’s Eastern Africa regional headquarters as well as the regional operations hub.Speaking during the occasion, Kenyatta said the expansion of the operational base of the Trade and Development Bank in Nairobi affirmed Kenya’s capability and credentials to host an expanding family of regional and international institutions.“Indeed, the sustained expansion of Kenya’s economy boosted by strong investor confidence and a resilient banking and financial services sector, validates our claim as a destination of choice for investment in Africa,” President Kenyatta said.The Kenyan Head of State also noted that the new building symbolized the exponential growth of the Trade and Development Bank since its inception some 40 years ago.As one of the shareholders and founding members of the bank, President Kenyatta said Kenya was proud that the bank now boasts of an asset base of US$8 billion.He congratulated the bank for being recognised as the sustainable bank of the year and also the best development finance institution of the year in Africa during the African Development Bank annual meetings two weeks ago.“This coming close on the heels of other awards by international financial rating agencies confirms that this African bank is growing not just in terms of its capital base but also in terms of the quality of its services,” President Kenyatta said.He thanked the Trade and Development Bank for its financial as well as policy and programmatic support to the public and private sector enterprises, particularly in mitigating the disruptive effects of the Covid-19 pandemic.“We, in Kenya, appreciate the bank’s support to Kenya Airways for the expansion of its fleet and the support to the Kenya Ports Authority for the port modernisation programme….

COVID-19 FIGHT: Trade and Development Bank Donates Medical Supplies to 60 Ugandan Hospitals

by CEO ReporterCompany NewsSeptember 8, 2020September 8, 2020

The Eastern and Southern African Trade and Development Bank (TDB), in collaboration with the Office of the Prime Minister and Uganda’s National Response Fund to Covid-19, has donated locally-procured medical supplies and personal protective equipment to 60 Ugandan hospitals in the efforts to help curb the spread of COVID-19 in UgandaThe supplies were handed over on Wednesday, September 2nd during a ceremony hosted by Prime Minister Dr. Ruhakana Rugunda, and Richard Byarugaba, Managing Director National Social Security Fund who is also shareholder representative on the TDB Board of Governors and Emmanuel Katongole, Chairperson of the National Response Fund to Covid-19.According to TDB, the donation is part of its Covid-19 Emergency Response Programme (CERP).The supplies include 1,060 examination gloves, 500 surgical gloves, 1,000 surgical masks with folds, 1,000 NK95 respirators, 500 fluid-resistant coveralls, 300 face shields, 600 protective goggles, 1,000 heavy duty aprons, 800 heavy duty gloves, 120 gum boots, 500 cotton wools, 480 safety boxes, 300 fluid resistant gowns, 500 sanitizers, 500 sodium hypochlorite, and 100 infra-red thermometers.On behalf of TDB, Byarugaba said the donation will enhance Ugandan hospitals and health care workers’ level of preparedness to combat the Covid-19 pandemic and make sure that they, themselves, are adequately protected to continue helping othersCommenting on the donation, TDB president and Chief Executive Admassu Tadesse said the Bank is delighted to contribute to the efforts deployed by the Government of Uganda towards the fight against Covid-19. “Indeed, we are working hard in tandem with various partners in our Member States to curb the spread of the virus and mitigate its impact. This urgent action complements the reprioritized financing interventions we are rolling-out for enterprises, sovereigns and financial institutions via TDB’s operations complex. It is only by acting in solidarity that will shall defeat this common enemy,” Admassu Tadesse said.Mary Kamari, TDB Corporate…

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