Banking: Rwanda to join East African Development Bank

New Vision reports, Rwanda and Burundi are set to join the East African Development Bank (EADB), just months after becoming members of the East African Community regional bloc. Godfrey Tumusiime, the head of EADB, told Rwanda’s President Paul Kagame that the move would soon be reviewed.

“Rwanda’s application will soon be reviewed by EADB’s board of directors and subsequently by the shareholders,” Tumusiime told Kagame in a briefing on the status of Rwanda’s application in Kigali recently. Tumusiime said EADB would set up operations in Rwanda.