{"id":467890,"date":"2020-04-21T15:27:28","date_gmt":"2020-04-21T15:27:28","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=467890"},"modified":"2020-04-21T15:27:28","modified_gmt":"2020-04-21T15:27:28","slug":"tdb-honored-as-best-trade-financier-in-africa-at-the-international-tfg-awards-2020","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/04\/21\/tdb-honored-as-best-trade-financier-in-africa-at-the-international-tfg-awards-2020\/","title":{"rendered":"TDB honored as Best Trade Financier in Africa at the International TFG Awards 2020\u00a0"},"content":{"rendered":"
<\/div>

In recognition of its outstanding contribution to international trade on the African continent, the Eastern and Southern African Trade and Development Bank (TDB) has been awarded \u201cBest Trade Financier in Africa\u201d by Trade Finance Global (TFG).\u00a0<\/span><\/p>\n

As several major international correspondent banks have retreated from African markets, TDB has doubled-down and deepened its expertise in addressing intra and extra-regional trade financing gaps. TDB has provided USD billions in this space in recent years, bridging shortages and assisting with foreign exchange challenges in the region, particularly for strategic and vital commodity imports into Member States. With total assets of $6.7bn, trade finance assets represent more than half of TDB\u2019s total loan portfolio.\u00a0<\/span><\/p>\n

TDB keeps innovating, accelerating the execution of its FI strategy, and introducing new solutions such as receivables financing and open-account-based solutions. Last year, TDB also became the first African DFI to close a trade finance transaction using blockchain technology, improving the carbon footprint, cost, speed, transparency, traceability, risk profile and overall efficiency of its processes. TDB\u2019s trade finance solutions and innovations are now going a long way in mitigating some of the Covid-19-related external shocks.\u00a0<\/span><\/p>\n

Admassu Tadesse, President and Chief Executive at Trade and Development Bank said: \u201cWe are honored to have been recognized among the best players in the African trade finance industry. It is a testament to our dedicated board, exceptional management team and talented professionals\u2019 commitment to drive quality growth and impact in our region. We look forward to continue working to develop innovative world-class solutions to further bridge the trade finance gap, and deliver triple-line bottom-line returns for our partners, clients and shareholders\u201d.\u00a0<\/span><\/p>\n

###\u00a0<\/b><\/p>\n

About TDB <\/b>Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB) is a multilateral, treaty-based, investment-grade development financial institution, with assets of USD 6.7bn. The Bank\u2019s mandate is to finance and foster trade, regional economic integration and sustainable development through trade finance and project and infrastructure finance. <\/span>www.tdbgroup.org <\/span><\/p>\n

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In recognition of its outstanding contribution to international trade on the African continent, the Eastern and Southern African Trade and Development Bank (TDB) has been awarded \u201cBest Trade Financier in Africa\u201d by Trade Finance Global (TFG).\u00a0 As several major international correspondent banks have retreated from African markets, TDB has doubled-down and deepened its expertise in<\/p>\n","protected":false},"author":536282,"featured_media":467891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046,12065],"tags":[16102,15614,16361],"class_list":["post-467890","post","type-post","status-publish","format-aside","has-post-thumbnail","category-leaders-en","category-press-releases","tag-admassu-tadesse","tag-tdb","tag-tfg","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"\nTDB honored as Best Trade Financier in Africa at the International TFG Awards 2020\u00a0 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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