TDB Group and the Arab Bank for Economic Development in Africa (BADEA) announced the extension of BADEA’s investment commitment in TDB’s African trade fund ESATF.
With an initial investment of USD 50 million in TDB’s African trade fund ESATF which has since then grown to USD 63 million, BADEA is extending its investment commitment in the fund for an additional period of 3 years.
To commemorate this occasion, a signing ceremony took place on the sidelines of the African Union’s 38th Ordinary Session of the AU Summit on the 14th of February 2025 in Addis Ababa. Managed by TDB’s asset management company ESATAL, a TDB Group subsidiary, ESATF is an open-ended investment fund which was set-up in 2019 to finance short- to medium-term trade transactions, particularly those involving small and medium-sized enterprises (SMEs) across Africa.
