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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She has been Director-General of the East African Development Bank since 2009 and a non-executive director of the Central Bank of Kenya since 2011.
The East African Development Bank is fortunate to be supported by regional governments, international development finance institutions and commercial banks, providing it with a solid base of expertise and capital.
The project s debt raising is led by the AfDB, as mandated lead arranger, the Standard Bank of South Africa and Nedbank Limited as co-arrangers, EIB, FMO, Proparco, East African Development Bank, PTA Bank, EKF, Triodos and DEG.
In addition to the AfDB and SEFA, organizers include the East African Development Bank (EADB), Rural Electrification Agency of Uganda (REA), South African National Energy Development Institute (SANEDI), Development Bank of South Africa (DBSA), the Private Sector Foundation Uganda (PSFU), Tanzania Renewable Energy Association (TAREA), Energy Private Developers Association of Rwanda (EPD) and the Development Bank of Ethiopia (DBE).
On Thursday, East African Development Bank (EADB) signed a Kshs620 million credit facility with integrated financial services provider, Housing Finance, which will be used to finance the construction of Kahawa Downs development Estate in Kahawa, Kiambu County.
Chase Bank, the East African Development Bank (EADB) and National Microfinance Bank PLC (NMB) will make use of EIB funding to finance investment by small and medium sized firms to expand, modernize and start new operations.
He said: We look forward to working with colleagues at Chase Bank, the East African Development Bank and NMB to improve access for low- cost investment finance for companies in East Africa and build on a strong track record of supporting entrepreneurs across the region.
This is the second line of credit the East African Development Bank is extending to BRD.
8 billion) line of credit will be inked by the Regional development finance institution East African Development Bank (EADB) with the European Investment Bank (EIB).
Three local banks Chase Bank, the East African Development Bank and National Microfinance Bank PLC (NMB) will use European Investment Bank funding to finance investment by small and medium sized companies to expand, modernise and start new operations.
Companies across the East African Community in Kenya, Tanzania, Uganda and Rwanda will benefit from EUR 25 million provided to the East African Development Bank.
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