The Trade and Development Bank for Eastern and Southern Africa (PTA Bank) was established as an autonomous specialized institution by the PTA Bank Charter on 6 November 1985, pursuant to the provisions of Chapter 9 of the COMESA Treaty. The Bank’s broad objectives are to provide financial and technical assistance and promote social and economic development and trade among Member States, in accordance with the provisions of the COMESA Treaty. The PTA Bank’s mandate is to finance and foster trade, socio-economic development and regional economic integration. Its Charter also provides for the establishment and administration of special purpose funds in the region. The Bank implements its mandate by complementing the activities of national development agencies of Member States and co-operating with other institutions and organizations, public and private, national and international, which are interested in the economic and social development of the Member States. The Bank’s shareholders include African States in COMESA, EAC and SADC, institutional investors such as the African Development Bank, COMESA Reinsurance Company ZEP-RE, Africa-Re, the National Pension Fund of Mauritius, Mauritian Eagle Insurance Company, Seychelles Pension Fund, Rwanda Social Security Board (RSSB) and Banco Nacional de Investemento (BNI) of Mozambique and two other non-regional members, namely China and Paritetbank (Belarus).
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