East African Development Bank - EADB secures additional US$25 million syndicated facility at 2026 OPEC Fund Development Forum

EADB secures additional US$25 million syndicated facility at 2026 OPEC Fund Development Forum

From L-R: Mr. Benard Mono, EADB Ag. Director General, Dr. Abdulhamid Alkhalifa, OPEC Fund President, Mr Jukka Pihlam, Managing Director and Head of Official Institutions First Abu Dhabi Bank pose for a picture after signing of the facility.

On the sidelines of the 2026 the OPEC Fund Development Forum, the East African Development Bank (EADB), led by our Ag. Director General Benard Mono, secured a US$65 million syndicated facility arranged by the OPEC Fund, with participation from First Abu Dhabi Bank, the UAE's largest bank.

Following the US$40 million commitment EADB signed at last year's forum with the OPEC Fund, the additional US$25 million secured this year in partnership with First Abu Dhabi Bank marks the completion of the facility.

This financing will support SMEs and critical infrastructure, driving inclusive growth and regional integration in the region.