Guvamatanga appointed to the (TDB) group

by | Nov 25, 2021 | Business | 0 comments


Yvonne Mutambwa


Finance and Economic Development Permanent Secretary George Tongesai Guvamatanga has been appointed as Non-Executive Director of the Board of Directors of the Eastern and Southern Africa Trade and Development Bank Group (TDB).


“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, partially through trade development and supporting he implementation of projects designed to make African economies increasingly complementary to each other,” said Minister Mthuli Ncube in a statement.


The (TDB) was established in 1985 as the Preferential Trade Area Bank (PTA).

It is a multilateral treaty-based development financial institution with assets over US$5 billion. It’s mandate is to foster trade between member states.


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.


In support this appointment, Minister Mthuli Ncube in his statement said that; “President Emmerson Mnangagwa has approved the nomination and appointment of Mr George Tongesai Guvamatanga to the TDB board”.


His determination, experience and hardworking skills both in government and private sector has enabled him to excel to this position.

Mr Guvamatanga is an experienced banker and well-rounded professional with a demonstrated history of working at the highest level in the financial services industry.