Overview:
Ms. Yeda’s retirement followed a 17-year career with the bank, having joined in 2008.
Mr. Benard Paul Mono has been appointed the acting Director General of the East African Development Bank (EADB) .
Mr Mono replaces Ms. Vivienne Yeda who retired effective Tuesday, December 31, 2024, upon completion of her tenure. Ms. Yeda’s retirement followed a 17-year career with the bank, having joined in 2008.
Mr. Mono is a Finance and Banking Professional with over 20 years, mostly in development financing, having also practiced in the hospitality and manufacturing industries.
Presently, he is the Head of Finance and chairs several committees in the Bank.
The Board of the EADB says it has confidence in Mr. Benard Paul Mono’s proven ability to steward the Bank in the intervening period and wish him success in his role.
“The Board of the Bank thanks Ms. Yeda for her tireless dedication to EADB, and for her commitment that has yielded remarkable growth and transformation for the institution. The Board wishes Ms. Yeda every best wish in her next chapter,” the EADB Board of Directors said in a statement.
“The Board of Directors is pleased to announce the appointment of Mr. Benard Paul Mono as the acting Director General for the Bank pending conclusion of the recruitment process for the role. The Board of the EADB has every confidence in Mr. Benard Paul Mono’s proven ability to steward the Bank in the intervening period and wish him success in his role,” it added.
Mr. Benard Paul Mono is a certified public Accountant and holds Master of Applied Finance from Macquarie University, Australia in addition to a Bachelor of Commerce (Accounting) from the University of Dar es salaam, Tanzania.
The East African Development Bank (EADB) was established in 1967 under the treaty of the then East African Cooperation. Its mandate was to provide financial and related assistance to enterprises in the member States which, by their activities, were expected to make a positive contribution to socio-economic development in the region. The Bank was re-established under a new Charter in 1980.
Under the Charter, the Bank’s role and mandate were reviewed and its operational scope expanded to include a broad range of financial services in the Member States with an overriding objective of strengthening socio-economic development and regional integration. EADB is today owned by the four Member States of Kenya, Uganda, Tanzania and Rwanda as well as other development and commercial financial institutions. Being an organ of the EAC and its partnership with EAC institutions has accorded it a platform to play a catalytic role in regional integration through provision of development finance.