East Africa: Guvamatanga Lands Top Post

Finance and Economic Development Permanent Secretary Mr George Guvamatanga has been appointed to the board of the Eastern and Southern African Trade and Development Bank Group (TDB Group).
Mr Guvamatanga is an experienced banker with nearly 30 years experience in the sector, mainly with 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.
“The appointment, which is for an initial period of three years, is with effect from 1st October 2021 and covers Botswana, Eritrea, Mauritius, Rwanda and Zimbabwe.”
“Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the Preferential Trade Area Bank (PTA) Bank, is a multilateral, treaty-based development financial institution, with assets of over US$5 billion,” said Minister Ncube.
“The bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business advisory services.
“In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 members from across COMESA, EAC and SADC, 2 Non-African member countries and 11 institutional investors.”
Minister Ncube said Mr Guvamatanga was an experienced banker and well-rounded professional with a demonstrated history of working at the highest level in the financial services industry.
“His new role as a non-executive director of the TDB Group will broaden his responsibilities and allow him to make a contribution to the socio-economic development of member states in Eastern and Southern Africa, particularly through trade development and supporting the implementation of projects designed to make African economies increasingly complementary to each other,” said Minister Ncube.
Read the original article on The Herald.
AllAfrica publishes around 700 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa – aggregating, producing and distributing 700 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
Get the latest in African news delivered straight to your inbox
By submitting above, you agree to our privacy policy.
Almost finished…
We need to confirm your email address.
To complete the process, please follow the instructions in the email we just sent you.
There was a problem processing your submission. Please try again later.



Leave a Reply

Your email address will not be published. Required fields are marked *

9  ⁄  three  =  

Next Post

Zimbabwe: Govt to Support Value Chains for Fast Industrial Development

Fri Nov 26 , 2021
ZIMBABWE has made a commitment to prioritise crafting of policies that drive value chain processes across all economic sectors in order to increase momentum to the ongoing national industrialisation efforts.This came out at a two-day workshop held recently that was supported by the Sub-Regional Office (SRO) for Southern Africa’s (SA) […]