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Originally published by The Standard Business
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July 25, 2026
4h ago

EADB's Kenya operations on the spot amid Sh6.6b loss fears

EADB's Kenya operations on the spot amid Sh6.6b loss fears

Questions have emerged over the operations of the East African Development Bank (EADB) in Kenya amid reports claiming the loss of about Sh6.6 billion..

✨ Key Highlights

Questions are being raised about the operations of the East African Development Bank (EADB) in Kenya, with fears of a potential loss of taxpayers' money amounting to approximately Sh6.6 billion.

  • Sh6.6 billion in taxpayers' money is reportedly unaccounted for and has not yielded any dividends for Kenya.
  • Stakeholders, including advocate Gregory Ndege and former MP John Mutinda Mutiso, presented concerns to the National Assembly Committee on Finance.
  • The proposed East African Development Bank (Amendment) Bill is facing criticism for failing to address unresolved governance, accountability, and constitutional issues, particularly regarding the bank's diplomatic immunity which prevents scrutiny of its finances.

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