With the acquisition of shares in the TDB Group, Armando Manuel, Chairman of the Board of Angola’s Sovereign Wealth Fund, has joined the board of the regional financial institution.
The Sovereign Wealth Fund of Angola (FSDEA) has just invested in the Trade and Development Bank (TDB) Group and has become one of the shareholders of the trade and development financial institution operating in Eastern and Southern Africa, according to Forbes África Lusófona.
Following the acquisition of shares, Armando Manuel, Chairman of the Board of FSDEA, joined the TDB Group’s board, as indicated in the updated job title on his LinkedIn profile.
The Trade and Development Bank Group (TDB Group) is a regional African financial institution, founded in 1985, with a mission to finance and promote trade, regional integration, and sustainable development across African countries. It is a multilateral development bank focused on the African region, with headquarters in Mauritius and Burundi.
Operating in 26 African countries, the TDB Group has regional offices in Kenya, Zimbabwe, Ethiopia, and the Democratic Republic of Congo. The institution, with an asset base of 10 billion US dollars, has extensive experience working with the African Development Bank (AfDB), with whom it maintains a partnership to promote trade and economic growth.
Source: Forbes África Lusófona
