East African Development Bank

East African Development Bank

The East African Development Bank (EADB) provides development finance in the East African countries of Uganda, Kenya and Tanzania. Its mission is one of "strengthening socio-economic development and regional integration". [http://www.eadb.org/background.asp?cat=1]

Originally established in 1967 under the Treaty for East African Cooperation, the bank was established under its own charter in 1980 following the breakup of the community in 1977.

A 72 percent stake in EADB is held by the governments of Kenya, Uganda and Tanzania, each with a 24.07% shareholding. Other significant shareholders are FMO (Netherlands) and DEG (Germany). [http://www.eadb.org/shares.asp?cat=1]

The bank's headquarters are on Nile Avenue in the Ugandan capital Kampala.

External links

* [http://www.eadb.org/ EADB website - eadb.org]

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