The Trade Development Bank Group (TDB Group), an African multilateral development finance group with 25 member states, has one of its principal offices in Mauritius. It plays a significant role in the country, supporting its financial sector and various projects contributing to the island’s economic development and regional integration.
“TDB has financed numerous impactful projects in ICT, health, hospitality, agribusiness, energy and financial services,” highlights Admassu Tadesse, TDB Group President and Managing Director.
“We also provide financing to Mauritian entities investing on the continent, supporting Mauritian corporates’ expansion and the integration of the Mauritian economy with the African continent.”
In addition to Mauritius, TDB Group counts as part of its community of shareholders Mauritian investors like the National Pension Fund, Eagle Insurance, and SICOM Group, which benefit from attractive returns, and lead to capital growth and impact in the region. TDB has also contributed to Mauritian capital markets with the dual listing of the first Eurobond on the stock exchange.
Mauritius hosts TDB Group’s asset management operations including its fund manager ESATAL, and its trade fund ESATF, as well as the TDB Captive Insurance Company (TCI), attracting African investors and enhancing Mauritius’ status as a hub serving the African continent.
Regarding TDB’s role in supporting foreign businesses looking to establish a presence in Mauritius, engaging in cross-border trade, or facilitating foreign investments, Tadesse emphasized that TDB offers project and infrastructure finance, as well as trade finance solutions to African borrowers.
“We serve large clients using Mauritius for trading commodities across the continent. These multinationals leverage the jurisdiction’s attractiveness and benefit from TDB Group’s balance sheet of USD 10 billion, its investment grade ratings, and geographical footprint, allowing large-scale financial solutions and expertise in understanding member states’ intricacies,” he explains.
Several of TDB’s clients trade between the Middle East and Africa, including through Mauritius, and the Group offers them unique solutions and expertise to support their growth. These solutions fund supply chains involving strategic commodities through bespoke financing structures, addressing food and energy security.
TDB partners with banks and financial institutions from the GCC and the MENA region overall to co-invest in the latter. “We recognize the potential for sustainable development and inclusive growth in thriving Middle East-Africa trade and continue to expand our partnerships and banking relationships in the Middle East,” affirms Tadesse.
On sustainability and green finance, TDB’s mandate is to finance and foster trade, regional economic integration, and sustainable development in alignment with the global sustainable development agenda.
“We have joined forces with the African Development Bank, to launch a unique financial instrument to catalyze financing for sustainable development on the continent: TDB Class C Green+ shares,” explains Tadesse. “This is a pioneering equity instrument providing a pathway for institutional investors to support climate action with risk capital.”
These shares accelerate TDB’s financial innovation and contributions to SDGs, the African Union’s Agenda 2063, and the Paris Agreement, and are available to investors from the GCC and MENA regions. Additionally, TDB Group is launching a green project preparation under its Trade and Development Fund. TDB’s virtual deal rooms are another initiative, utilizing technology to expedite capital deployment into priority sectors like infrastructure, health, and climate action.
Contact Details:
Mauritius Principal Office
Africa FI Place, Lot No. 13, Wall Street
Tel: +230 460 1500/ 07
P.O. Box 43, Cybercity, Ebene
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