Money Markets
Investors to benefit from PTA Bank deal
Dr Gondwe: Extending this facility to us is a mark of a healthy partnership between our European partners and ourselves Photo/FREDRICK ONYANGO
By GEOFFREY IRUNGU
(email the author)
Posted Thursday, March 11 2010 at 00:00
Posted Thursday, March 11 2010 at 00:00
It has 19 shareholders, namely the African Development Bank, Burundi, China, Comoros, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, the Seychelles, Somalia, Sudan, Tanzania, Uganda, Zambia and Zimbabwe.
FMO invests risk capital in companies and financial institutions in developing countries.
With an investment portfolio of 4.2 billion euros, it is one of the largest bilateral private sector development banks worldwide.
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