Multinational - East African Development Bank (EADB)


Project Summary

Approval Date 15 Oct 2014
Signature Date 05 Nov 2015
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 21,924,375.52
Status Completion

Project General Description

This project involves the provision of a $ 40 million, 10-year credit line to the East African Development Bank (EADB) to finance its development pipeline regional projects in various economic sectors (agribusiness, infrastructure, education sectors) in the countries of the East African Community (EAC) of Kenya, Rwanda, Tanzania and promote economic growth. EADB has a project pipeline totaling US$361million comprised of 49 projects which are at various stages of appraisal. A dedicated sub-pipeline linked to AfDB’s LoC has been selected. EADB intends to tap into both debt and equity sources from both DFI and commercial financial markets for long-term financing to obtain the remaining funding required.

Project Objectives

The project objective is to assist EADB mobilize much needed financial resources to fund its project pipeline in the EAC, ultimately contributing to economic development and employment opportunities. The LOC will assist in strengthening regional infrastructure, manufacturing, agribusiness, education, and will support government revenue growth.

Beneficiaries

The project’s main Beneficiaries are East African Community (EAC) Member States.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-Z1-HAA-059
Last Update 31 Oct 2019

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Multinational
Coordinates Location Name
-6 35 Tanzania
1 38 Kenya
1.25 32.5 Uganda