The East African Development Bank (EADB) was established by Kenya, Tanzania, Rwanda and Uganda in 1967 with an aim to provide economic and financial support among the member state.
This organisation became key institution that made the dream of development at the grass-root level through lending to the business, pioneered equity finance and interceded on policy for the creators of wealth in East Africa.
Governing Bodies of East African Development Bank (EADB)
The Governing body of the East African Development Bank is discussed below: '
• Governing Council: It is supreme body of the organisation which is composed of the Ministers of Finance of the Member States.
• Advisory Panel: It is a panel of elected member who helps the organisation in lending to the business, pioneered equity finance and interceded on policy for the creators of wealth in East Africa.
• The Board of Directors: It is composed of Finance Permanent Secretaries of the member states, a representative from African Development Bank (AfDB), and four representatives from the member states’ private sectors.
• Management: It is regulatory as well as monitoring organ of the institution.
Working Areas of East African Development Bank (EADB)
• Food security: It contributed the quest of food in East Africa by providing programs and practices for enhancing agricultural productivity, conserve soil fertility, improve nutritional value and make it market reach for both primary and secondary products.
• Infrastructure: It is one of the key institution that involved in the development of infrastructure and resource mobilisation through P-P-P (Public-Private-Partnership)
• Skill development: It helps in expanding the peripheral vision of non-skill people by imparting skill education and learning.
• Climate Change: It provides programmes, policies, projects and technologies aimed at scaling up the level of green growth and which contribute towards a low carbon economy.
• Regional Integration: It acts as supportive agent through financing of regional infrastructure projects, setting up mechanisms that support public private partnerships.