Also known as: EADB
East African Development Bank — regional development institution facing parliamentary scrutiny over regulation, immunity, and Kenyan public funds, while involved in high-profile loan disputes including a Ksh.4.5 billion case with former Cabinet Secretary Raphael Tuju.
Verbatim sentences from the source article.
The Standard
Audio By VocalizeThe National Assembly committee on Finance has said it will now require the East African Development Bank (EADB) directors and National Treasury Cabinet Secretary, John Mbadi, to appear before it to shed light on its operations in the country. …
Legislators put EADB operators under scrutinyThe Standard
Audio By VocalizeQuestions have emerged over the operations of the East African Development Bank (EADB) in Kenya amid reports claiming the loss of about Sh6.6 billion of taxpayers’ money if no action is taken. …
EADB's Kenya operations on the spot amid Sh6.6b loss fearsThe Standard
It started with three Mombasa-based tycoons, Mohamed Jaffer, Minoj Shah and Amritlal Devani (deceased), standing as principal guarantors to a Sh126.75 million loan issued to Kenya Bus Service (KBS) Mombasa by East African Development Bank (EADB) in 1998. …
EADB losses bid to recover Sh1.3b from Kenya Bus Service MombasaCitizen Digital
… placement: 'Mid Article Thumbnails', target_type: 'mix' }); An application by Tuju to stay a ruling delivered on March 9 effectively clearing the path for the disposal of two of his properties in Karen over a contested Ksh.2 billion debt owed to the East African Development Bank …
Court rules Tuju’s Dari Business Park already sold, cannot be reversedThe Standard
… A long winding dispute with over tens of judgments and rulings on different issues, the crux being a loan relationship between the East African Development Bank and Raphael Tuju, via the company, Dari Limited. …
It is time for Kenya to rethink the number of judges at the Supreme CourtThe East African Development Bank faces scrutiny from Parliament over its regulation, legal immunity, and dealings involving Kenyan public funds, while courts challenge the legal framework governing its operations.
29 September 2026 · The Standard →
The East African Development Bank faces scrutiny from Parliament over its regulation, legal immunity, and dealings involving Kenyan public funds, while courts challenge the legal framework governing its operations.
29 September 2026 · The Standard →
The Supreme Court has lifted recusal orders that barred four judges from handling a Ksh.4.5 billion dispute involving former Cabinet Secretary Raphael Tuju, his family, Dari Limited and the East African Development Bank. The judges had recused themselves in 2024 after a bias complaint was lodged with the Judicial Service Commission, but the Court found that circumstances had changed, reviving a legal battle stalled for nearly two years.
25 September 2026 · Citizen Digital →
An inaugural East Africa CEO & Investment Forum held in Nairobi presented 95 pre-screened investment opportunities worth nearly US$3.95 billion across sectors including agribusiness, manufacturing, and energy. The forum emphasized that beyond capital, the region needs predictable regulations, efficient borders, harmonized standards, and reliable infrastructure to translate investment potential into actual deals.
22 September 2026 · The Standard →
The scheduled auction of former Cabinet Secretary Raphael Tuju's 20-acre Entim Sidai property in Karen failed to take place after those who attended did not meet the requirements to participate as bidders, according to Garam Auctioneers.
25 August 2026 · Citizen Digital →
Former Cabinet Secretary Raphael Tuju has rejected plans to auction his 20-acre Karen property, Entim Sidai Wellness Sanctuary, stating the matter is before the Supreme Court, Auctioneer's Tribunal, and High Court. The dispute stems from a Sh1.2 billion loan from East African Development Bank to Tuju's firm Dari Limited in 2015, which has grown to about Sh4.5 billion with interest and penalties after the firm fell behind on payments.
25 August 2026 · The Standard →
World Under-20 champion Emmanuel Kiprono led Kenya to sweep all cross-country gold medals at the 2026 Federation of East Africa Schools Sports Association games in Morogoro, Tanzania, winning in 22 minutes, 25.6 seconds.
18 August 2026 · The Standard →
The East African Development Bank has injected Ksh.11.6 million into the 23rd FEASSA Games in Morogoro, Tanzania, which features 413 teams and 5,548 participants competing in 51 sporting disciplines. The bank said the support aims to invest in young talent and promote healthy lifestyles and character development across the region.
17 August 2026 · Citizen Digital →
Business leaders and investment experts have called for urgent reforms to remove barriers to trade and investment in East Africa, warning that the region risks losing billions in economic opportunities unless member states improve implementation of regional agreements. At the CEOs–Trade & Investment Roundtable, the East African Business Council Executive Director cited intra-EAC trade of about Sh2.55 trillion against a regional economy valued at approximately Sh46.6 trillion, and called for removal of non-tariff barriers, harmonisation of standards, and lower logistics costs.
13 August 2026 · The Standard →
The East African Business Council has urged the removal of non-tariff barriers and harmonisation of standards to boost intra-EAC trade and investment. EABC Executive Director Ahmed Farah noted that intra-EAC trade stands at USD 19.7 billion compared with a regional economy valued at 357 billion dollars, pointing to significant expansion potential.
11 August 2026 · Citizen Digital →
Auctioneers have scheduled the sale of former Cabinet Secretary Raphael Tuju's 20-acre Entim Sidai property in Karen after he allegedly failed to deposit KSh50 million as security in a loan dispute with the East African Development Bank, with the auction set for August 25, 2026.
3 August 2026 · Citizen Digital →
The National Assembly Finance Committee said it will require East African Development Bank directors and National Treasury Cabinet Secretary John Mbadi to appear before it to explain the bank's operations and required disbursements. The committee Chairman Kuria Kimani said the Committee must ensure the proposed amendment bill does not breach the Constitution and that EADB, if undertaking banking transactions, should be subject to Central Bank of Kenya supervision.
29 July 2026 · The Standard →
Questions have emerged over the East African Development Bank's Kenya operations amid reports of potential loss of about Sh6.6 billion if no action is taken, with stakeholders noting no dividend payouts have been made in years. Stakeholders appearing before Parliament's Finance Committee raised constitutional, governance, and accountability concerns about the proposed East African Development Bank (Amendment) Bill.
25 July 2026 · The Standard →
The East African Development Bank is attempting to recover Sh1.3 billion from Kenya Bus Service (KBS) Mombasa, which was issued a Sh126.75 million loan in 1998 with three Mombasa-based tycoons as principal guarantors.
23 June 2026 · The Standard →
The High Court ruled Thursday that it cannot grant a stay of execution for former Cabinet Secretary Raphael Tuju's Dari Business Park in Karen, as the property has already been sold. The court did grant a temporary stay for Tuju's other property, Entim Sidai Wellness Sanctuary, pending appeal, with Tuju required to deposit Ksh.50 million as security within 30 days.
21 May 2026 · Citizen Digital →
An opinion piece argues that Kenya should rethink the constitutional number of judges at the Supreme Court, citing recurring quorum difficulties that have hindered the court's ability to sit and function effectively.
1 May 2026 · The Standard →