Portfolio Dashboard
As at 17 April 2026 · All 21 banks · USD
Total Outstanding
$489.9M
Closing balance
Interest (Apr)
$4.54M
Accrued this month
Avg Rate p.a.
8.70%
Blended SOFR+margin
Collateral
$29.4M
WHRs pledged
Active Banks
21
$178M undrawn
BIC-BRED Brazil sub-limit: $8.72M drawn vs $10M limit — only $1.28M headroom remaining.
TDB Zimbabwe Stage 2: Collateral excess 85% threshold breached — $3.14M shortfall. WHR top-up required.
This Month Drawdowns
$113.7M
April 2025
This Month Repayments
$110.4M
Principal returned
Cumulative Int. (YTD)
$41.9M
FY26 full year
Unposted Accruals
$2.88M
vs Business Central
Key bank utilisation
SBSA88%
$107.3M drawn$122M limit
TDB75%
$48.9M drawn$65M limit
BIC-BRED64%
$16.0M drawn$25M limit
AFREXIM95%
$37.7M drawn$40M limit
BCGE66%
$33.2M drawn$50M limit
JTI98%
$39.1M drawn$40M limit
TDB tobacco lifecycle — current utilisation
Stage 1
Pre-Crop
Clean loan
$30.0M
Stage 2
Green Leaf
WHR backed
$7.1M
Stage 3
Trust Receipt
Processing
$0
Stage 4
Processed
WHR backed
$11.7M
Stage 5
In-Transit
Shipping
$0
Stage 6
Receivables
Invoice assigned
$0
Bank Management
21 lending institutions · FY26 facilities
All facilities
All
Africa
Europe
Asia
| Bank | Type / Region | Facility Limit | Outstanding | Undrawn | Rate | Utilisation | Status |
|---|---|---|---|---|---|---|---|
| SBSA Standard Bank SA |
Africa | $122.0M | $107.3M | $14.7M | SOFR+5.00% | 88% |
Active |
| JTI JT International |
Other | $40.0M | $39.1M | $0.9M | Fixed 7.50% | 98% |
Near limit |
| AFREXIM African Export-Import |
Africa | $40.0M | $37.7M | $2.3M | SOFR+4.75% | 95% |
Near limit |
| TDB Trade & Dev. Bank |
Africa | $65.0M | $48.9M | $16.1M | SOFR+5.50% | 75% |
Active |
| BIC-BRED Banque Commerce, Geneva |
Europe | $25.0M | $16.0M | $9.0M | COF+4.00% | 64% |
Active |
| BCGE Banque Cantonale Genève |
Europe | $50.0M | $33.2M | $16.8M | SOFR+4.50% | 66% |
Active |
| CEB Credit Europe Bank |
Europe | $30.0M | $26.8M | $3.2M | SOFR+4.25% | 89% |
Active |
| ZENITH | Other | $18.0M | $14.2M | $3.8M | SOFR+4.80% | 79% |
Active |
| BOC Bank of China |
Asia | $22.0M | $19.7M | $2.3M | SOFR+4.50% | 89% |
Active |
| INVESTEC | Africa | $43.0M | $20.0M | $23.0M | SOFR+4.60% | 47% |
Active |
| ABSA | Africa | $8.0M | $1.6M | $6.4M | SOFR+4.40% | 20% |
Active |
| CITIBANK | Other | $15.0M | $9.2M | $5.8M | SOFR+4.20% | 61% |
Active |
Loan Register
All active drawdowns · interest auto-calculated daily
All banks
TDB
BIC-BRED
SBSA
JTI
AFREXIM
BCGE
CEB
BOC
INVESTEC
ZENITH
ABSA
CITIBANK
All loans
| Loan Reference | Bank | Stage / Type | Cost Centre | Principal (USD) | Rate p.a. | Interest (Apr) | Due Date | Status | Action |
|---|
Warehouse & Collateral Monitor
WHRs · in-transit · receivables · facility coverage · live security position
Total WHR Value
$29.4M
5 active receipts
Financed @85%
$25.0M
After 15% haircut
Receivables Assigned
$10.2M
TDB $1.74M · BIC $8.45M
Coverage Breaches
1
TDB ZIM Green — $3.14M short
WHR — Warehouse
In-Transit
Receivables
Facility Position
Active warehouse receipts
5 active · 0 released
| WHR Reference | Bank | Location | Origin | Type | Volume (kg) | Value USD | Financed @85% | Linked Loan | Coverage | Status | Action |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TBA-WR-0001 | TDB Trade & Dev. Bank |
Harare Reload |
2-ZIM | Processed | 1,692,200 | $10,317,104 | $8,769,538 | TBA-WR-0001 | 78% |
Compliant | |
| TBA-WR-0002 | TDB Trade & Dev. Bank |
Harare Reload |
2-ZIM | Green | 1,242,106 | $4,720,003 | $4,012,003 | TBA-WR-0002 | 56% |
⚠ Breach | |
| TBA-WR-0003 | TDB Trade & Dev. Bank |
RSA Reload RSA |
2-ZIM | Processed | 762,800 | $5,410,448 | $4,598,881 | TDB/RSA/PREM/25/P/108 | 85% |
Compliant | |
| TBA-WR-0004 | BIC-BRED Banque Commerce |
Brazil CUW / Matriz |
1-BRA | Processed | 850,000 | $7,301,000 | $6,205,850 | BIC/BRA/L2/SL3.2/042 | 71% |
Compliant | |
| TBA-WR-0005 | BIC-BRED Banque Commerce |
RSA Reload RSA |
2-ZIM | Processed | 244,600 | $1,653,890 | $1,405,807 | BIC/ZIM/L2/SL3.1/018 | 100%+ |
Compliant |
WHR Detail ×
Movement Log
All drawdowns, repayments, interest payments · FY26
Apr Drawdowns
$113.7M
+22 new loans
Apr Repayments
$110.4M
Principal returned
Apr Interest Paid
$1.73M
Cash out this month
Net Movement
+$3.3M
Portfolio grew
Recent drawdowns
TDB · Pre-Crop Zimbabwe
+$13,500,000
BIC-BRED · Brazil Sub-limit 3.2
+$8,721,654
SBSA · Zimbabwe $20M facility
+$20,000,000
AFREXIM · Zimbabwe
+$23,515,000
DPW · Mixed origins
+$11,145,981
Recent repayments
TDB · Malawi Stage 2
−$3,088,057
BIC-BRED · Tanzania
−$5,409,217
SBSA · Brazil Discount
−$39,632,183
BIC-BRED · Interest payment
−$267,588
TDB · Interest settlement
−$39,037
Monthly movements — FY26
| Month | Opening Balance | Drawdowns | Repayments | Closing Balance | Int. Accrued | Int. Paid | Rate p.a. |
|---|---|---|---|---|---|---|---|
| April | $461.4M | +$113.7M | −$110.4M | $464.7M | $4.54M | $1.73M | 8.70% |
| May | $464.7M | +$107.6M | −$116.4M | $455.9M | $3.51M | $2.33M | 9.03% |
| June | $455.9M | +$110.0M | −$122.8M | $443.1M | $3.44M | $3.75M | 9.12% |
| July | $443.1M | +$98.6M | −$87.0M | $454.7M | $4.43M | $2.18M | 9.19% |
| August | $454.7M | +$60.0M | −$77.1M | $437.5M | $3.59M | $2.59M | 9.22% |
| September → March (7 more months) · Cumulative YTD interest: $41.9M accrued / $39.0M paid | |||||||
Interest Accrual
Daily calculation · accrued vs paid · GL reconciliation
Interest is calculated automatically: Principal × Rate × (Days in period ÷ 365). All rates are updated from the Rate Table (SOFR / COF). Any rate change retroactively recalculates open loan interest.
Per-bank interest summary — April 2026
| Bank | Principal | Rate | Days | Accrued | Paid | Unpaid (accrual) | GL Account |
|---|---|---|---|---|---|---|---|
| SBSA | $107.3M | 10.35% | 30 | $916,548 | $501,505 | $415,043 | 7902000 |
| JTI | $39.1M | 7.50% | 30 | $245,475 | $0 | $245,475 | 7902000 |
| TDB | $48.9M | 10.85% | 30 | $438,694 | $39,037 | $399,657 | 7902000 |
| BIC-BRED | $16.0M | 7.25% | 30 | $96,658 | $267,588 | $0 ✓ | 7902000 |
| AFREXIM | $37.7M | 10.10% | 30 | $314,603 | $168,379 | $146,224 | 7902000 |
| + 16 more banks · Total April accrual: $4.54M · Total paid: $1.73M · Unposted to BC: $2.88M | |||||||
Cost Allocation
Finance costs by country cost centre · FY26
Interest cost by cost centre — YTD FY26
| Cost Centre | Country | Interest YTD | Upfront Fees | Corp Guarantee | Total Finance Cost | % of Portfolio |
|---|---|---|---|---|---|---|
| 1-BRA | Brazil | $8.74M | $175K | $3.50M | $12.41M | 29.6% |
| 2-ZIM | Zimbabwe | $16.00M | $478K | $6.38M | $22.86M | 54.6% |
| 2-MAL | Malawi | $2.10M | $62K | $0.84M | $3.00M | 7.2% |
| 2-TAN | Tanzania | $1.20M | $35K | $0.48M | $1.71M | 4.1% |
| 4-ARG | Argentina | $0.36M | $12K | $0.07M | $0.44M | 1.0% |
| 5-COR | Corporate | $1.40M | $80K | −$11.27M | −$9.79M | — |
Add new bank ×
Record new drawdown ×
Loan detail ×
Add warehouse receipt (WHR) ×
Record movement ×
In-Transit Detail ×
Receivable Detail ×