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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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The East African Development Bank (EADB) is planning to establish the first wholesale mortgage institution to help meet a current housing shortfall of 3.
The European Union and the East African Development Bank have agreed to finance a $68m fibre link project in the region once privatisation of the industry is complete.
Tanzania has struggled with a lack of liquidity for many years but the Dar es Salaam stock exchange has been boosted by the recent listing of two banks, East African Development Bank (EADB) and Barclays Bank Tanzania.
 
 
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