PTA Bank

Type: Organization
Name: PTA Bank
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

Sembule loses factory

KampalaSembule Group of Companies has lost its Shs27b factory in Nalukolongo which it has been struggling to recover from court brokers over unpaid debts.Mr Stephen Sembuya, the company’s chief executive officer, told Daily Monitor Sembule had lost both ... [Published Uganda Daily Monitor - Sep 09 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

PTA Bank gets Sh1.7bn to support trade finance

Regional development bank PTA has received a $20 million (Sh1.7 billion) from a London-based financier to support its trade finance business.PTA, which is owned by institutions and states including Kenya, says it will use the cash from Ghana International ... [Published Business Daily Africa - Sep 08 2014]
First reported Sep 04 2014 - Updated Sep 04 2014 - 1 reports

American And Canadian Investors Meet Ethiopian Government To Explore Phase 2 Of Power Sector Transformation

ADDIS-ABABA, Ethiopia" Africa is the youngest and fastest-growing continent, with young people that are full of dreams and ambition" President Barack Obama at the US-Africa leadership Summit, WA D.C, August 2014 With the Power Africa Initiative investment ... [Published TheStreet.com - Sep 04 2014]
First reported Sep 02 2014 - Updated Sep 03 2014 - 3 reports

South Africa,Tanzania : PTA BANK approves US$138m in grants to TANZANIA

The Eastern and Southern African Trade and Development Bank (PTA Bank) recently has made an announcement on its offering of overall funding of $138 million for three projects and three syndicated credit facilities in Tanzania.... ... [Published TVNewsCheck - Sep 03 2014]
First reported Sep 02 2014 - Updated Sep 02 2014 - 1 reports

PTA Bank loaned US$84 million for an integrated cement plant in the DRC

PTA Bank (the “Bank”) committed a US$84.4 million syndicated loan to PPC Barnet towards the establishment of a 3000 TPD (1 million TPA) integrated cement plant to be located near Kimpese, Cataractes District of Bas-Congo Province, in the western part ... [Published Mbendi - Sep 02 2014]
First reported Sep 02 2014 - Updated Sep 02 2014 - 1 reports

PTA Bank signed an agreement with the Japan International Cooperation Agency (JICA)

The Eastern and Southern African Trade and Development Bank (PTA Bank) signed an agreement with JICA that will encourage collaboration in identification of projects in such areas as economic and social infrastructure development, private sector development, ... [Published Mbendi - Sep 02 2014]
First reported Sep 01 2014 - Updated Sep 02 2014 - 4 reports

PTA approves US$138m grant for Infrastructure and other projects in Tanzania

The government of Tanzania has received a US$138m grant from the Eastern and Southern African Trade and Development Bank (PTA).The funds will be used in three infrastructural projects and three syndicated loans. Kilwa Energy will receive US$50m, while ... [Published Construction Review Online - Sep 02 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

Rwanda domestic bond oversubscribed

A $22 million five-year domestic bond issued by the Rwandan government last Wednesday has been oversubscribed, with the central bank receiving $50.5 million in bids. In February, the government issued $18.3 million in Treasury bonds with a three-year ... [Published East African - Aug 31 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Kenya Re becomes ATI shareholder

Kenya Re-insurance Corporation (Kenya Re) has become the latest shareholder in the African Trade Insurance Agency (ATI), investing Ksh87.5mn (around US$1mn) and increasing the scope of trade and political risk insurance in East Africa.Welcoming the investment, ... [Published Global Trade Review - Aug 27 2014]
First reported Aug 23 2014 - Updated Aug 24 2014 - 1 reports

Investment leads to growth: Pinda

>Prime Minister Mizengo Pinda has urged governors of the Preferential Trade Area (PTA) Bank and stakeholders to facilitate investment in four keys area of energy, infrastructural development, supporting small and medium-sized enterprises and agriculture ... [Published Tanzania Citizen - Aug 23 2014]
First reported Aug 20 2014 - Updated Aug 21 2014 - 3 reports

Tanzania among 5 top beneficiaries of PTA loans

Tanzania has been named among top five countries that benefit from the Eastern and Southern African Trade and Development Bank (PTA Bank) loans. ... [Published Tanzania Citizen - Aug 21 2014]
Entities: Tanzania, PTA Bank, Bank
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Financial sector investment, basis to sustainable development - PTA

President and Chief Executive Officer of PTA Bank, formally the Eastern and Southern African Trade and Development Bank, Admassu Tadesse (L) speaks at a news conference in Dodoma yesterday.Investment in the financial sector is the basis to sustainable ... [Published IPP Media - Aug 21 2014]

Quotes

" Africa is the youngest and fastest-growing continent, with young people that are full of dreams and ambition" President Barack Obama at the US-Africa leadership Summit, WA D C, August 2014 With the Power Africa Initiative investment extended to $276 billion
...Tadesse stated, "The bank has approved close to $10 billion in almost 30 years for financing of trade and socio-economic investment activities in the region."
...He added that "PTA Bank was a signatory to agreements during the TICAD V in Yokohama and has recently been accredited by the OECD and admitted into the IDFC group of leading development banks in the world. As such, there is a growing community of interest with JICA in advancing development in eastern and southern Africa, particularly in the areas of capacity building for infrastructure and enterprise development.”"
...ATI’s CEO, Mr George Otieno, welcomed the news commenting "ATI vision is to transform Africa into a prime trade and investment destination. With partners such as Kenya Re, we are happy that our underwriting capacity has grown, making ATI better armoured to provide investment and trade insurance for the multi-billion projects expected in Africa. In Kenya, for instance, the National Treasury announced an approval for 59 projects that the government plans to execute through public/private partnerships, and we anticipate covering some of these projects." Since ATI became profitable two years ago, new and existing shareholders have indicated their intention to increase their equity...

More Content

All (29) | News (28) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (1)
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Sembule loses factory [Published Uganda Daily Monitor - Sep 09 2014]
PTA Bank gets Sh1.7bn to support trade finance [Published Business Daily Africa - Sep 08 2014]
American And Canadian Investors Meet Ethiopian ... [Published TheStreet.com - Sep 04 2014]
American and Canadian Investors Meet Ethiopian ... [Published Franklin Credit Management Corporation - Sep 04 2014]
Portuguese firm resumes mining [Published Financial Gazette - Sep 04 2014]
South Africa,Tanzania : PTA BANK approves US$13... [Published TVNewsCheck - Sep 03 2014]
South Africa,Tanzania : PTA BANK approves US$13... [Published HispanicBusiness.com - Sep 03 2014]
PTA Bank loaned US$84 million for an integrated... [Published Mbendi - Sep 02 2014]
PTA Bank approved grants totalling US$138 milli... [Published Mbendi - Sep 02 2014]
PTA Bank signed an agreement with the Japan Int... [Published Mbendi - Sep 02 2014]
PTA approves US$138m grant for Infrastructure a... [Published Construction Review Online - Sep 02 2014]
South Africa : TANZANIA gets$138 million from P... [Published TVNewsCheck - Sep 02 2014]
PTA Bank Gives Tanzania U.S.$138 Million [Published Wall Street Business Network - Sep 01 2014]
PTA Bank Gives Tanzania U.S.$138 Million [Published AllAfrica.com - Sep 01 2014]
Rwanda domestic bond oversubscribed [Published East African - Aug 31 2014]
Kenya Re becomes ATI shareholder [Published Global Trade Review - Aug 27 2014]
Kenya Re has invested Ksh87.5 million (US$1 mil... [Published Mbendi - Aug 27 2014]
DBRB's support for Belarusian exports to Laos [Published Belta - Aug 27 2014]
Johannesburg financier picks NIC Capital for it... [Published Business Daily Africa - Aug 26 2014]
Investment leads to growth: Pinda [Published Tanzania Citizen - Aug 23 2014]
Tanzania among 5 top beneficiaries of PTA loans [Published Tanzania Citizen - Aug 21 2014]
Financial sector investment, basis to sustainab... [Published IPP Media - Aug 21 2014]
Dar on PTA Bank preferential list [Published Daily News TSN - Aug 21 2014]
Dar to host PTA bank board meeting [Published IPP Media - Aug 20 2014]
Dar to Host PTA Bank Board of Governors Annual ... [Published Street Sweeper - Aug 18 2014]
Dar to host PTA Bank Board of Governors annual ... [Published Daily News TSN - Aug 18 2014]
Export fund short of finances [Published Malawi Daily Times - Aug 15 2014]
Moody : affirms PTA Bank's Ba1 rating [Published 4 Traders - Aug 12 2014]
Ex-Im Bank Signs $100 Million Agreement with PT... [Published Financial Services - Apr 11 2014]
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Ex-Im Bank Signs $100 Million Agreement with PT... [Published Financial Services - Apr 11 2014]
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