Kampala, Uganda: Thursday, March 27, 2025: The East African Development Bank (EADB) takes great exception at comments and allegations made in an interview during a live radio talk show in Nairobi, Kenya in the morning hours of Monday, March 24, 2025, touching on its lending operations.

The Bank states, unequivocally, that all its operations are governed by the rule of law and conducted in strict compliance with governance principles that guide banking operations across its four member states.

As such, all loan facilities advanced by the bank to its customers are subjected to rigorous processes across board without favouritism to individuals or institutions based on rank or profile.

Whilst the Bank cannot comment on some of the allegations made during the talk show because they touch on active matters in court, it remains confident that the facts, as presented by the Bank in court, will prevail as evidenced in prior rulings at the High Court in the United Kingdom; and at the High Court, Court of Appeal, and Supreme Court in Kenya.

This notwithstanding, the Bank urges the Fourth Estate to exercise its duty to objectivity – the bedrock upon which the profession is founded – by counterchecking claims made on the Bank’s operations against available facts, which we are ready to offer whenever requested to.

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