EAC imposes limits on regional bank’s autonomy

Eala pic

The current status of the East African Development Bank (EADB) has come under scrutiny in the East African Legislative Assembly. PHOTO | FILE

Arusha. Limits have been imposed on the autonomy enjoyed by the East African Development Bank (EADB) over the years.

The regional bank, owned by the East African Community (EAC) partner states, has been directed to submit its audited financial reports to the EAC.