East Africa: Guvamatanga lands first job
The Permanent Secretary of Finance and Economic Development, Mr. George Guvamatanga, has been appointed to the Board of Directors of the Bank Group for Trade and Development of East and Southern Africa (TDB Group).
Mr. Guvamatanga is an experienced banker with nearly 30 years of industry experience, primarily at Barclays Bank.
In a statement last night, Finance Minister Professor Mthuli Ncube said President Mnangagwa approved the appointment of the banker to the international group.
âThe appointment, which is for an initial period of three years, takes effect on October 1, 2021 and covers Botswana, Eritrea, Mauritius, Rwanda and Zimbabwe.
“Established in 1985, the East and Southern Africa Trade and Development Bank (TDB), formerly the Preferential Trade Zone (PTA) Bank, is a treaty-based multilateral development finance institution with assets of over $ 5 billion, âMinister Ncube said.
âThe bank’s mandate is to finance and promote trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business consultancy services.
âOver the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 members of COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors.
Minister Ncube said Mr. Guvamatanga is an experienced banker and a full professional with a proven track record of working at the highest level in the financial services industry.
âHis new role as non-executive director of TDB Group will broaden his responsibilities and allow him to make a contribution to the socio-economic development of member states in East and Southern Africa, notably through trade development and support. to the implementation of projects. designed to make African economies more and more complementary to each other, âsaid Minister Ncube.