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Guvamatanga takes top post
Mukuzei Chinware herald reporter
George Gvamatanga, Permanent Secretary for Finance and Economic Development, has been appointed to the Board of Directors of the Eastern and Southern Africa Trade and Development Bank Group (TDB Group).
Mr. Gvamatanga is an experienced banker with nearly 30 years’ experience in this field, primarily at Barclays Bank.
In a statement last night, Finance Minister Professor Mthuli Ncube said President Mnangagwa had approved the banker’s appointment to the international group.
“This appointment will initially be for a period of three years, effective from 1 October 2021, and will cover Botswana, Eritrea, Mauritius, Rwanda and Zimbabwe.”
He said: “Established in 1985, the Trade and Development Bank for Eastern and Southern Africa (TDB) (formerly the Preferential Trading Area Bank (PTA) Bank) is a multilateral treaty-based development finance institution with assets in excess of US$5 billion. ”. Minister Ncube.
“The Bank’s mission is to finance and promote trade, regional economic integration and sustainable development through trade finance, project and infrastructure finance, asset management and business advisory services.
“Over the past five years, TDB’s shareholder base has increased from 19 to 35 companies, including 22 COMESA, EAC and SADC members, 2 non-African member countries and 11 institutional investors. .”
Minister Ncube said Mr Gvamatanga is an experienced banker and a versatile professional with a proven history of working at the highest levels of the financial services industry.
“His new role as Non-Executive Director of the TDB Group expands his responsibilities and enables him to contribute to the socio-economic development of member countries in Eastern and Southern Africa, particularly through support for trade development and project implementation. ‘African economies are designed to increasingly complement each other,’ Minister Ncube said.
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