East African Development Bank

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East African Development Bank

A bank that was established in order to promote growth in East Africa. Among other things, it provides loans and other forms of financial assistance for projects thought to contribute to African development. It was established in 1967 by the East African Community and re-chartered in 1980 as an independent entity. It maintains its headquarters in Uganda.
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One of the main rating constraints to EADB is the low average quality of its loan portfolio, which is potentially under further pressure given the challenging environment (both economic and political) in East Africa.
In 2016, the weighted median shareholder rating for the EADB was B2 which is among the lowest of all Moody's MDB rated universe.
The EADB also contributes to the development of the region's capital markets through local currency bond issues, listed on the stock markets of its member states.
The EADB supports programmes and practices that enhance agricultural productivity' conserve soil fertility, reduce post-harvest losses, improve nutritional values and ensure market access for both primary and secondary agricultural products.
December a contract will be signed between the EADB and VTB Bank (Armenia) on delivery of credit $15 mln for crediting of small
The EADB was a pioneer of regional issues, and its bonds were the first longterm debt instruments listed on the Dar es Salm Stock Exchange and the Uganda Securities Exchange
What differentiates the EADB from other DFIs and financial institutions in the region?
While working on the details of the scheme, it was important for us not to lose sight of the need to ensure the details were clear and the balance of responsibilities between the EADB and the British Council appropriate.
Benefits : EADB was created in 1967 under the Treaty for East African Cooperation, with EADB as the sub-regional multilateral lender.
The Board mentioned that the importance of the EADB in promoting the development of its member states - Kenya, Rwanda, Tanzania and Uganda - and in supporting regional integration within the East African Community.
The Board noted the importance of the EADB in promoting the development of its member states Kenya, Rwanda, Tanzania and Uganda - and in supporting regional integration within the East African Community.
In 2013, the Bank also approved a US $24-million equity investment in EADB (US $14 million "Callable" and US $10 million "Paid-in") to further strengthen EADB's capital.