[PHOTOS] Ruto attends 39th AGM of Trade and development bank group

Only a decade ago, TDB had an asset base of USD 1 billion.

by The Star

News20 July 2023 - 12:47

In Summary

•The is active across global financial markets including New York, London, the UAE, China, India and Japan.

•The Bank also has a commanding footprint across the continent, with presence in Mauritius, Zimbabwe, Ethiopia, Democratic Republic of the Congo, as well as its headquarters in Burundi.

President William Ruto and Prime Secretary Cabinet Musalia Mudavadi during the AGM of Trade and Development Bank Group in Nairobi on July 20, 2023.

President William Ruto on Thursday opened 39th AGM of the Trade Development Bank Group in Nairobi.

He noted that Africa needs a development financing institutional framework that can handle this unprecedented opportunity effectively and deliver transformations in terms of integration through connectivity, economic development and climate resilience.

Ruto added that the Trade and Development Bank has demonstratedto us that it has been studying the African development landscape, and evolving to meet its challenges.

As a result, it has been growing and evolving steadily.

Delegates during the AGM of Trade and Development Bank Group in Nairobi on July 20, 2023.

Ruto added that the bank has since experienced a ten-fold expansion of its asset base, and is active across global financial markets including New York, London, the UAE, China, India and Japan.

The Bank also has a commanding footprint across the continent, with presence in Mauritius, Zimbabwe, Ethiopia, Democratic Republic of the Congo, as well as its headquarters in Burundi.