The East African Development Bank (EADB) is a regional development finance institution located in Kampala,[2] Uganda with the objective of promoting development in the member countries of the East African Community.[3] The current member states of the EADB are Kenya, Uganda, Rwanda, and Tanzania including other development and commercial financial institutions.[4] The bank was initiated in 1967 and has been in operation since the development of its charter.
Overview
EADB plays a threefold role of lender, adviser, and development partner. The bank supports economic development in member states through short and long term lending of financially and sustainable projects. It provides a range of products and services that are tailored for the region's development requirements. The East African Development Bank also has experienced, financial backing, staff, and knowledge of the region's financial requirements. , the institution's total assets were valued at approximately US$415,998 million, with shareholders' equity of approximately US$303.229 million.[1]