Audio By Vocalize
Gregory Ndege, from Gregory Ndege & Associates (right), flanked by former Kilome MP John Mutiso, makes his submission during a stakeholders’ engagement on the East African Development Bank (Amendment) Bill (National Assembly Bill No. 33 of 2026) before the Departmental Committee on Finance and National Planning at Bunge Towers, Nairobi, yesterday. [Elvis Ogina, Standard]
Questions 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.
This came amid revelations that no dividend payout has been made in years and attempts by various stakeholders to address the matter surrounding the bank have not borne any fruit.
It also comes against the backdrop of the ongoing presentation on the East African Development Bank (Amendment) Bill (National Assembly Bill No. 33 of 2026), where stakeholders poked holes into the proposed law, saying it should not be allowed to pass as it is.
