25/08/2026
Our management team, led by the Ag. Director General, today appeared before the National Assembly Committee on Finance and National Planning of the Kenyan Parliament for comments and submissions on the East African Development Bank (Amendment) Bill, 2026.
The team offered clarifications on the Bank’s operations and its contribution to Kenya, and East Africa’s, socio-economic development. In Kenya, the Bank continues to support development across various sectors including agriculture, education, energy, finance, health, housing, and ICT. Currently, the Bank’s portfolio in the country stands at USD 86.9 Million.
In response to queries on member countries’ contributions to the Bank, the team clarified that the Bank does not receive annual grants from shareholders, indicating that the last payment from the Republic of Kenya to the Bank was done on 8th June 2015.
On returns realized by member states, the team noted that member states receive additional shares allotted from reinvestment of profits. During the last two years (2024 and 2025) the Republic of Kenya has received 1,323 additional shares valued at USD 17.86 million.
The Bank will continue to engage stakeholders across the region on relevant issues of mutual benefit and concern in its endeavor to continue promoting sustainable socio-economic development and regional integration.