The Eastern and Southern African Trade and Development Bank (TDB) and previously PTA Bank, is a specialized African regional financial institution established in 1985 that provides short, medium and long-term financing, across a wide set of sectors, both private and public-sector clients, on sustainable and commercial principles.
According to bank documents, the funding involves provision of a USD 15 mln Trade Facility Limit to TDB under the FMO Trade Enhancement Program to further support trade finance activities.
There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).
The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.
The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|FM Sociedade de Controlo SGPS||Parent Company||Construction||owns||ENGENHARIA E||Client||Construction|
|FM Sociedade de Controlo SGPS||Parent Company||Construction||owns||MOTA-ENGIL||Client||Construction|
|Hakan Mining & Elecity||Parent Company||Energy||owns||Akanyaru Valley Peat-Fired||Client||Energy|
|Lloyds Banking Group PLC||Parent Company||Communications||owns||EDM Group Ltd||Client||Communications|
|Power Construction Corp of||Parent Company||Energy||owns||Kariba South Hydropower Plant||Client||Energy|
|Trade and Development Bank||Investor||Finance||invests in||Akanyaru Valley Peat-Fired||Client||Energy|
|Trade and Development Bank||Investor||Finance||invests in||EDM Group Ltd||Client||Communications|
|Trade and Development Bank||Investor||Finance||invests in||ENGENHARIA E||Client||Construction|
|Trade and Development Bank||Investor||Finance||invests in||Finasifroko Constr Spv Ltd||Parent Company||Construction|
|Trade and Development Bank||Investor||Finance||invests in||FM Sociedade de Controlo SGPS||Parent Company||Construction|
|Trade and Development Bank||Investor||Finance||invests in||Hakan Mining & Elecity||Parent Company||Energy|
|Trade and Development Bank||Investor||Finance||invests in||Kariba South Hydropower Plant||Client||Energy|
|Trade and Development Bank||Investor||Finance||invests in||Lloyds Banking Group PLC||Parent Company||Communications|
|Trade and Development Bank||Investor||Finance||invests in||MOTA-ENGIL||Client||Construction|
|Trade and Development Bank||Investor||Finance||invests in||Power Construction Corp of||Parent Company||Energy|
|Trade and Development Bank||Investor||Finance||invests in||Samburu Ltd||Parent Company||Transport|
|Trade and Development Bank||Investor||Finance||invests in||Zimbabwe Power Company||Parent Company||Energy|
|Trade and Development Bank||Investor||Finance||invests in||Zimbabwe Power Company (ZPC) Power Plants Expansion and Rehabilitation||Client||Energy|
|Zimbabwe Power Company||Parent Company||Energy||owns||Zimbabwe Power Company (ZPC) Power Plants Expansion and Rehabilitation||Client||Energy|
*Contact information not provided at the time of disclosure*
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism