East African Development Bank
Long-term project financing for enterprises, infrastructure, and sustainable socio-economic development across the East African Community.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $40.0m | Debt | |
| Total Funding | 000k | ||
Related Content
The East African Development Bank (EADB) is a development finance institution established in 1967 to serve the East African Community. The bank's primary mandate is to foster economic and social development and reduce poverty within its member states.
EADB provides long-term financing for enterprises and large-scale projects, focusing on key sectors such as infrastructure, food security, and skills development to promote regional integration. A notable example of its activity is the co-financing of the Lake Turkana Wind Power Project in Kenya, a significant private investment designed to expand the national power grid by one-fifth through the installation of 365 wind turbines.
The institution operates as a regional partner, offering project financing and other financial services. Its business model is centered on deploying capital for development projects, likely generating revenue through interest on loans and returns on its investments. The bank serves both public and private sector clients undertaking projects that align with its mission of sustainable socio-economic progress in East Africa.
Keywords: Development finance, project financing, East Africa, infrastructure investment, regional integration, wind energy, socio-economic development, long-term capital, financial institution, poverty reduction
