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Promoting
The
Diaspora's
Entrepreneurship

Creating effective
networks
and forging
strategic partnerships
in development

Facilitating
Free Flow
of Trade
and Commerce
Across Borders

Integrating development
agendas with
Diaspora resources

Diaspora
Engagement in
Home Country
Economic
Development

The Diaspora
catalyzes
efficient economic
development through
private and public
sector alliances

Brain
Exchange
For Nation
Building

Bridging
the technology gap
through innovative
and strategic
global partnerships

Nurturing
Potential
To Impact
Regional
Economics

Eastern Africans contribute to
science, technology, engineering,
and mathematics

Harnessing
Eastern
Africa's
Potential

The Diaspora is an ally in
protecting the environment and
promoting trade

Facilitating
Free Flow
of Trade
and Commerce
Across Borders

Integrating development 
agendas with
Diaspora resources

Home | East Africa Diaspora Business Council

About

The Eastern Africa Diaspora Business Council (EADBC) is a US-based non-governmental, membership-based organization established in 2013 to promote the Diaspora’s role in the delivery of technology solutions for development challenges by leveraging trade and investment partnerships between the United States and the greater East Africa region. EADBC represents professional, institutional, business and student memberships from Eastern Africa countries and the US - embodying expertise and investments in several key sectors including in ICT, Engineering, Energy, Agriculture, Environment, Education, International Trade and Development, Policy and Health Care.

Latest News

Friday, August 26th 2016
Banking stock prices fell for the second day running on Friday morning led by the largest three banks including Equity Bank losing 9.92 per cent.
Source: Nation (Kenya)
Wednesday, August 24th 2016
Committee probes claims of poor maize crops due to low quality farm inputs
Source: Nation (Kenya)
Wednesday, August 24th 2016
This happens when one or more of your tyres are pushed beyond their ability to hang on to the road surface.
Source: Monitor (Uganda)
Wednesday, August 24th 2016
A Science, Technology and Innovations driven economy may soon be a reality in Uganda if Cabinet approves a free and open software being developed
Source: Monitor (Uganda)
Friday, August 26th 2016
Quite frankly a number of the banks make a lot of money from it while not lending enough to the private sector
Source: Nation (Kenya)
Thursday, August 25th 2016
Kenyan bank shares fell sharply at the start of trade on Thursday
Source: The East African
Thursday, August 25th 2016
Ethiopia which has four parks, leads in adopting the Chinese model.
Source: The East African
Wednesday, August 24th 2016
This engine is reliable and economical because it is built with the Variable Valve Timing with intelligence (VVT-i) and employs the multi-point electronic fuel injection to ensure good fuel economy.
Source: Monitor (Uganda)
Wednesday, August 24th 2016
Upon weighing carefully all these considerations, on balance, I have assented to the Bill as presented to me.
Source: The East African
Wednesday, August 24th 2016
Mr Uhuru signed into law a Bill capping bank interest rates at 4 per cent above the Central Bank Benchmark Rate.
Source: Monitor (Uganda)
Thursday, August 25th 2016
The Kenya Bankers Association has said it is awaiting rules from the State to establish whether those already with loans will be affected by the new interest cap law.
Source: Nation (Kenya)
Wednesday, August 24th 2016
Industrialist Maggie Kigozi has urged Ugandan women business leaders to harness business incentives that regional governments have provided to expand their businesses beyond borders
Source: Monitor (Uganda)
Thursday, August 25th 2016
The Higher Education Loans Board (Helb) has raised its credit allocation per student by up to Sh10,000 amid rising costs in university life.
Source: Nation (Kenya)
Wednesday, August 24th 2016
The recent appointment of Kenyan-born Urjit Patel as the governor of the Reserve Bank of India (RBI) has stoked controversy over his roots even as those who know him celebrated in Nairobi.
Source: The East African
Thursday, August 25th 2016
In Uganda, several private sector players have urged the government to intervene in the interest rates environment.
Source: Monitor (Uganda)
Wednesday, August 24th 2016
According to Bank of Uganda (BoU), between February and April, there was growth in foreign currency denominated loans rebounded by 1.2 per cent from minus 2.3 per cent.
Source: Monitor (Uganda)
Thursday, August 25th 2016
The Geothermal Development Company (GDC) has opened the search for seven senior managers to replace executives kicked out last November mainly over tendering irregularities.
Source: Nation (Kenya)
Friday, August 26th 2016
Kenya’s Co-operative Bank has announced that it has started issuing new loans as per the new interest rate regime with immediate effect.
Source: The East African
Friday, August 26th 2016
Kenya Power will replace the oil in transformers with gas to bar vandals from accessing the fuel in fresh efforts to cushion consumers from power interruptions.
Source: Nation (Kenya)
Friday, August 26th 2016
Commercial banks have said the interest capping law does not specify the base rate for determining the maximum lending cost, hinting at implementation delays.
Source: Nation (Kenya)
Thursday, August 25th 2016
Raw sugar production by Uganda’s three main processors fell 14 per cent in the first half of the year versus a similar period last year hurt by a shortage of mature cane.
Source: The East African
Friday, August 26th 2016
Fusion Capital plans to seek alternative funding for the development of the planned Greenwood City in Meru
Source: Nation (Kenya)
Thursday, August 25th 2016
Bankers' association says existing rates will continue to be in force until rules are published.
Source: Nation (Kenya)
Thursday, August 25th 2016
The recent appointment of Kenyan-born Urjit Patel as the governor of the Reserve Bank of India (RBI) has stoked controversy over his roots even as those who know him celebrated in Nairobi.
Source: Nation (Kenya)
Tuesday, August 23rd 2016
Kenya Airways says the buses will offer comfort and reliability at a lower price than what taxis charge.
Source: Nation (Kenya)
Wednesday, August 24th 2016
Pension funds have increased their holdings of government securities by nearly Sh100 billion this year as they continue to migrate from the poorly-performing equities market.
Source: Nation (Kenya)
Friday, August 26th 2016
Rising fuel prices and prospects of a base rate increase in the US could push the Central Bank of Kenya (CBK) to tighten its monetary policy and reverse recent cuts in the base lending rate.
Source: Nation (Kenya)
Wednesday, August 24th 2016
Safaricom-backed taxi app Little Cab has launched a service in which Kenyans will request for a ride on their phones without going to the internet
Source: Nation (Kenya)
Thursday, August 25th 2016
Kenyan bank shares fell sharply at the start of trade on Thursday
Source: Nation (Kenya)
Friday, August 26th 2016
The on-demand car ride service Uber lost at least $1.27 billion in the first half of this year, Bloomberg reported on Thursday, citing sources close to the matter
Source: Monitor (Uganda)
Thursday, August 25th 2016
Mr Sowedi Sserwadda, the cooperative chairperson, said value addition to the crop would also increase their profit margin.
Source: Monitor (Uganda)
Wednesday, August 24th 2016
Upon weighing carefully all these considerations, on balance, I have assented to the Bill as presented to me.
Source: Nation (Kenya)
Thursday, August 25th 2016
“Additives are materials or substances added to fuel to impart or enhance certain desirable quantities or to suppress undesirable properties or characteristics of fuel,” Rev Tukwasibwe said.
Source: Monitor (Uganda)
Wednesday, August 24th 2016
The students with business ideas will be chosen by more than 20 panelists.
Source: Monitor (Uganda)
Wednesday, August 24th 2016
At least 1,000 applicants are seeking regulatory approvals to operate drone-based transport services in Kenya, hinting to high demand for the robotic aircraft.
Source: Nation (Kenya)
Thursday, August 25th 2016
“Farmers are not getting the available information and at the end of the day, rich commercial farmers are the ones getting the money,” the Kilak County MP, Mr Anthony Akol, said
Source: Monitor (Uganda)
Wednesday, August 24th 2016
Listed hospitality firm TPS East Africa narrowed her losses by 41 per cent in the six months through June 2016 compared to the same period last year
Source: Nation (Kenya)
Wednesday, August 24th 2016
The managing director of Civil Aviation Authority, Mr Rama Makuza, speaking during the opening of the second general assembly of the Association of African Aviation Training Organisations
Source: Monitor (Uganda)
Thursday, August 25th 2016
Heads of state and government will be in attendance.
Source: Nation (Kenya)
Thursday, August 25th 2016
Its share of equities stood at 16 per cent of its Sh81.7 billion assets
Source: Nation (Kenya)
Wednesday, August 24th 2016
Listed hospitality firm TPS East Africa narrowed her losses by 41 per cent in the six months through June 2016 compared to the same period last year
Source: The East African
Tuesday, August 23rd 2016
Former Safaricom chief executive Michael Joseph cut his shareholding in the company for the first time since its listing in 2008 with the sale of 1,178,600 shares as at end of March.
Source: Nation (Kenya)
Wednesday, August 24th 2016
The moment it starts, the engine and movement is smooth once again until over the same distance the cycle repeats. For a distance of about five to 10 kms, the stoppages are about three to five times. It is as if the...
Source: Monitor (Uganda)
Wednesday, August 24th 2016
ARM Cement is banking on the $140 million (Sh14 billion) capital injection from a British government-owned fund CDC Group to finance the setting up of a new clinker and cement plant in Kitui County.
Source: Nation (Kenya)
Wednesday, August 24th 2016
The private sector in Uganda has pledged to adopt the Gender Equality Seal Certification Programme for Public and Private Enterprises – a model pioneered by the United Nations Development Programme
Source: Monitor (Uganda)

EADBC Goals

Establish a hub where Eastern Africa Private Sector. US Private Sector and Diaspora can meet, share resources and develop partnerships.

Facilitate quarterly educational/business seminars, webinars, workshops and conferences highlighting business and partnership opportunities between Eastern Africa and USA.

Work with US Companies and academic institutions to facilitate entrepreneurship and innovation seminars and workshops in East Africa and around the USA

Work with US companies to provide internship opportunities for the students that meet the criteria

Form partnerships with US companies present in Eastern Africa to support a practical work placement for Eastern Africa graduates before they return home

Help facilitate working relationships between the Diaspora and the Eastern Africa Private Sector so that partnerships between the Eastern Africa Diaspora and Private Sectors can flourish

Help establish long lasting partnerships between cities and institutions to enable exchange of resources, knowledge and technology

Help establish an Education City in East Africa, where various Top Tier academic institutions can set satellite campuses and research and development facilities

Help establish Diaspora Public- Private Partnerships

Help establish Diaspora bonds which could be a debt instrument issued by a country or potentially, a sub-sovereign entity or a private corporation - to raise financing from its overseas Diaspora. Furthermore, we can facilitate talks with the appropriate agencies to provide tax breaks on interest income. Donor or multilateral aid agencies could also offer credit enhancements in the form of partial guarantees, to mitigate default risks

Work with the EAC to enable various Diaspora Professional Organizations/Association to be able to bid for large scale projects

Establish a hub where Eastern Africa Private Sector. US Private Sector and Diaspora can meet, share resources and develop partnerships.

Partners

East Africa Business Council
The Corporate Council on Africa
Embassy of the Republic of Kenya
Embassy of the Republic of Uganda
Embassy of the Republic of Burundi
Embassy of the Republic of South Sudan
Embassy of Ethiopia
Embassy of the United Republic of Tanzania
Embassy of Eritrea
Sub-Saharan Africa Chamber of Commerce