The East African Development Bank (EADB) announced the retirement of Director General Ms. Vivienne Yeda, effective December 31, 2024.
During her 17-year tenure, Ms. Yeda oversaw significant growth for the bank.
Financial Performance (2024)
- Total Assets: $497 million
- Profit: $13 million
- Non-Performing Loans: 0.88%
- Credit Rating: A (S&P Global Ratings)
Strategic Impact
Ms Yeda played a crucial role in solidifying EADB’s position as a leading development lender in the East African region.
The bank successfully supported numerous SMEs across Kenya, Uganda, Tanzania, and Rwanda, aligning with its strategic objectives.
The EADB Board commended Ms. Yeda’s dedication and leadership, recognizing her instrumental contribution to the institution’s growth and transformation.
“Ms Yeda has been instrumental in cementing the bank’s position as the premier development lender in the region, supporting numerous small and medium-sized enterprises across Kenya, Uganda, Tanzania, and Rwanda in line with the bank’s strategic goals and ambitions,” noted the statement.
Following Ms. Yeda’s retirement, Paul Mono, Head of Finance at EADB, has been appointed as Acting Director General.
Mr. Mono, a seasoned finance professional with over 20 years of experience in development finance, holds a Master of Applied Finance from Macquarie University and a Bachelor of Commerce (Accounting) from the University of Dar es Salaam.
The East African Development Bank (EADB) was established in 1967 to support socioeconomic development within the then-East African Cooperation. Its initial mandate focused on providing financial assistance to enterprises that would contribute positively to regional growth.
In 1980, the EADB was re-established under a new Charter. This expanded its scope, allowing it to offer a wider range of financial services to member states with the overarching goal of strengthening socio-economic development and fostering regional integration.
Today, the EADB is owned by the four member states of Kenya, Uganda, Tanzania, and Rwanda, as well as other development and commercial financial institutions. As an organ of the East African Community, the EADB leverages its partnerships with EAC institutions to play a catalytic role in regional integration through the provision of development finance.
