Multinational - East African Development Bank (EADB)

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.