Regional Offices

The East African Development Bank (EADB) was originally established under the Treaty for East African Cooperation, signed by the Governments of Kenya, Tanzania, and Uganda, which entered into force on December 1, 1967. However, the Treaty was overtaken by events and a new Charter for the Bank, with the same signatories, came into force on July 23, 1980. The purpose of the Bank, which under the Treaty had been confined to the provision of financial and technical assistance for the promotion of industrial development in Member States, was broadened under the new Charter to include involvement in agriculture, forestry, tourism, transport, and the development of infrastructure, with preference for projects which promote regional cooperation.

On December 15, 1983, the Bank was prescribed by the IMF as a holder of SDRs, and was thus authorized to acquire and use SDRs in operations and transactions with participants in the IMF's SDR Department and other holders under the same terms and conditions as participants.

COMPOSITION

3 Partner States: Kenya, Tanzania, Uganda

Shareholders (Paid in Shares):

Class A: Government of Kenya (23.5%); Government of Tanzania (23.5%); Government of Uganda (23.5%)

Class B: African Development Bank (14.1%); FMO - Netherlands Development Finance Company (10.6%); DEG - Germany (2.8%); Others (1.8%)

STRUCTURE

The Bank has a Governing Council made up of three Ministers from the Partner States, a Board of Directors consisting of not more than ten nor fewer than five members holding office for a term of three years and eligible for reappointment or re-election, and a Director General. The Director General is appointed by the Governing Council for a term of five years, and may be re-elected.

                             Board of Directors

          Chairman:                 ...   G.S. MGONJA (Tanzania)
          Vice Chairman:            ...   C. KASSAMI (Uganda)
          Directors:                ...   T. TURNER (ADB)
                                    ...   Paul WEISE (FMO-DEG)
                                    ...   J. MULWANA (Uganda)
                                    ...   J.M. MAGARI (Kenya)
                                    ...   J.B. WANJUI (Kenya)
                                    ...   J.N. SOLOMON (Tanzania)
          Alternate Directors:      ...   R. MARIKI (Tanzania)
                                    ...   G. ENGEL (FMO-DEG)
                                    ...   W.T. OSHIKOYA (ADB)

GENERAL PUBLICATION