East Africa Development Bank marks 50 years of banking, investments and social responsibility, throughout East Africa
Kampala, Uganda (6th December, 2018) – This year, East African Development Bank clocks half a century excelling in being the leading development finance institution for member states. It marks the 50th year when the bank first opened its door for business. With its’ primary focus on interventions in food security, infrastructure, education, health, natural resources, environment and regional integration. Since its establishment in 1967, the bank has remitted financial and other support to its member states.
In contrast to other development finance institutions, EADB has over the five decades successfully adapted to an industry in complete transformation, owing to the bank’s strategy of promoting sustainable socio-economic development in East Africa. In 1977, the bank weathered a scare of extinction after the collapse of East African Community. The Bank was re-energized by the signing of the Arusha Accord, which divided the assets of the former EAC and agreed that EADB should operate as a joint East African institution.
