BADEA Extends Its Investment Commitment In TDB’s African Trade Fund ESATF
The TDB Group and the Arab Bank of Economic Development (BADEA) of Africa are pleased to announce the extension of Badea’s investment commitment in TDB’s African Trade Fund ESATF.
TDB’s African trade fund ESATF initially invested $50 million and has since grown to $63 million, and Badea is extending its investment commitment in the fund for three years.
To commemorate this time, in the African Union 38Th General Meeting of AU Summit 14Th February 2025 in Addis Ababa.
ESATF is managed by TDB Asset Management Esatal, a subsidiary of TDB Group, and is an open-end investment fund established in 2019 to fund short- to medium-term trade transactions, especially those involving small and medium-sized enterprises (SMES)). All over Africa.
Since its launch, the trade fund has grown fivefold from its initial TDB seed investment of $50 million to its $250 million in assets at management. The fund now has a different foundation of 45 investors.
Announcements related to our Joint Fund build on a decade-long journey of successful collaboration between TDB Group and Badea (TDB Group shareholders since 2018) – upgraded credit, risk sharing facilities and co-financing programs. Among all kinds of achievements, TDB and BADEA have raised more than $1 billion in trade financing to date to promote trade in Africa’s trade.
This is a new milestone in a strong and fruitful partnership between Badea and TDB. ESATF Trade Fund reflects Badea and TDB’s firm support for AFCFTA” explain Doctor old, babersaa.
“We are pleased to continue to strengthen our strategic partnership with Badea and jointly reaffirm our commitment to fostering economic and social development under trade leadership. Badea’s early investments in our African Trade Fund, ESATF, serves as a catalyst to encourage A group of investors from banking institutions and insurance companies to pension funds and high net worth individuals join in” explain Admassu Tadesse, President and Managing Director of TDB Group.
TDB’s asset management company Esatal and its African Trade Fund ESATF are part of the TDB Group’s asset and fund management activity, which focuses on the design, origin and growth of independent investment tools targeting a wide range of investors and development partners for sustainable development. Activity.
