EAST AFRICAN DEVELOPMENT BANK (EADB)
4 Nile Avenue Postal Add: P.O. Box 7128 Kampala Telephone: (41)230-021 to 5 Uganda Facsimile: (41)259-763 Telex: 61074 EADEVBANK E-mail: email@example.com Internet: www.eadb.com Director General: ... G. TUMUSIIME Main Executives Director of Finance: ... P. OPANDE Director, Legal Affairs & Administration: ... V. APOPO (Mrs.)
Kenya 12th Floor Lonrho House Postal Add: P.O. Box 47685 Standard Street Telephone: (2)340-642 Nairobi (2)340-656 Kenya Facsimile: (2)216-651 Telex: 22689 EADEVBANK E-mail: firstname.lastname@example.org Internet: www.eadb.com Resident Manager: ... G.R. RUHURIRA Tanzania 3rd Floor, NIC Investment House Postal Add: P.O. Box 9401 Mirambo Street Telephone: (22)211-3195 Dar es Salaam (22)211-6981 Tanzania Facsimile: (22)211-3197 Telex: 41175 EADEVBANK E-mail: email@example.com Internet: www.eadb.com Resident Manager: ... S.K. JUMA
ESTABLISHMENT AND FUNCTIONS
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.
3 Partner States: Kenya, Tanzania, Uganda
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%)
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)
UPDATED: April 22, 2003