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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

Monday, September 26th 2016
Kenya will not stop importing maize from Uganda despite concerns from farmers that the imported commodity is eating into their market share.
Source: The East African
Monday, September 26th 2016
Former Imperial Bank managers, Naeem Shah and James Kaburu, were the key players in the multi-billion shilling fraud scheme that enabled long-serving chief executive Abdulmalek Janmohammed to siphon out depositor funds...
Source: Monitor (Uganda)
Monday, September 26th 2016
Kenya will not stop maize imports from Uganda as the two countries have signed East African trade protocol, Agriculture Cabinet Secretary Willy Bett has said.
Source: Nation (Kenya)
Monday, September 26th 2016
Delayed appointment of some Mineral Rights Board members has stalled issuing of mining licences for four months, Mining secretary Dan Kazungu said Monday.
Source: Nation (Kenya)
Monday, September 26th 2016
Etihad Airways operates an Airbus A320 aircraft from Entebbe to Abu Dhabi, the capital of the UAE, four times a week. We have received a very good response from the market since we launched the service in May 2015.
Source: Monitor (Uganda)
Tuesday, September 27th 2016
Shipping lines have called on Mombasa to withdraw the tax or they would sues to block it.
Source: Nation (Kenya)
Wednesday, September 28th 2016
Low cost airline had recorded a $2.87 million loss last year
Source: The East African
Tuesday, September 27th 2016
Officials have threatened to withdraw services from State entities, including ministries.
Source: Nation (Kenya)
Sunday, September 25th 2016
Instant coffee maker and exporter, Good African Coffee, has entered into partnership with Total Uganda, an integrated oil and gas company
Source: Monitor (Uganda)
Tuesday, September 27th 2016
To improve regional markets which have become bigger consumers of Uganda’s exports, government has hatched a plan to construct border export zones.
Source: Monitor (Uganda)
Monday, September 26th 2016
Low global petroleum prices helped Kenya save nearly Sh50 billion in petroleum import bills during the first half of the year despite the steep rise in consumption, the latest industry data indicates.
Source: Nation (Kenya)
Tuesday, September 27th 2016
The National Social Security Fund (NSSF) members are likely to get a lower-interest return on their savings after the Fund posted a drop in net profit for the financial year 2015/16 due to a myriad of factors
Source: Monitor (Uganda)
Tuesday, September 27th 2016
Rwanda’s central bank has maintained its key repo rate at 6.5 per cent in a bid to tame the speed of price increases, the franc’s volatility and to stimulate lending..
Source: The East African
Tuesday, September 27th 2016
A group of youth have been chosen to travel to Zambia for a one-year training in different business skills so as to train others when they return
Source: Monitor (Uganda)
Monday, September 26th 2016
Kenyan cigarette makers and traders have been saved from immediately implementing tough new tobacco law after the Court of Appeal issued a 30-day stay order and the State allowed dealers time to sell old stocks.
Source: Nation (Kenya)
Tuesday, September 27th 2016
Consumer goods manufacturer Bidco has been cleared of charges of environmental breach in Uganda, offering relief to the company that has been fighting claims that it is involved in deforestation
Source: Monitor (Uganda)
Monday, September 26th 2016
The Central Bank of Kenya (CBK) has disclosed that banks from eight countries are looking to enter the Kenyan market even after capping interest rates.
Source: Nation (Kenya)
Sunday, September 25th 2016
editorial@ug.nationmedia.com kampala. More than 2,000 groups of women will acquire interest-free loans worth Shs43 billion from the government under the Uganda Women’s Entrepreneurship programme (UWEP).
Source: Monitor (Uganda)
Wednesday, September 28th 2016
MoKash is a suite of virtual banking products built on MTN’s mobile money platform
Source: The East African
Sunday, September 25th 2016
The Central Bank of Kenya (CBK) has disclosed that banks from eight countries are looking to enter the Kenyan market even after capping interest rates.
Source: Nation (Kenya)
Tuesday, September 27th 2016
Traders in Namutumba Central Market have vowed not to pay taxes to local authorities unless vendors selling the same goods on Iganga-Mbale highway have been evicted
Source: Monitor (Uganda)
Monday, September 26th 2016
The presidency of UNCCI has not been competitive for the last 15 years. Ms Olive Zaituni Kigongo, founder of Amagara Skincare Products, has been at the presidency of UNCCI since 2001
Source: Monitor (Uganda)
Monday, September 26th 2016
Inspired by reading and watching news on climate change, Divine Nabaweesi quit being a real estate agent to start a social enterprise business of Bamboo growing.
Source: Monitor (Uganda)
Wednesday, September 28th 2016
The Commercial Bank of Africa (CBA) has signed up more than 600,000 subscribers in Uganda on its mobile-banking equivalent of the M-Shwari less than two months after launch.
Source: Nation (Kenya)
Tuesday, September 27th 2016
It’s not so long ago that sustainability was seen by most companies as little more than a peripheral ‘green’ issue. Often packaged as useful for reducing energy and waste disposal costs or supporting some worthy...
Source: Monitor (Uganda)
Monday, September 26th 2016
Confusion reigns over plans to move the Dandora dumpsite to Ruai as the Kenya Civil Aviation Authority (KCAA) and Nairobi County continue to issue conflicting statements several years after the plan was mooted.
Source: Nation (Kenya)
Monday, September 26th 2016
Jordan's King Abdullah II will kick off a landmark visit to Kenya, as both countries look to push for security cooperation
Source: Nation (Kenya)
Monday, September 26th 2016
A former influential Moi-era businessman Jared Kangwana has teamed up with his business associates to open a new microfinance bank targeting small traders.
Source: Nation (Kenya)
Tuesday, September 27th 2016
Mr Andrew Kavuma, a procurement specialist, says before signing a contract one should look at what the procurement process intends to achieve and the time and costs involved.
Source: Monitor (Uganda)
Tuesday, September 27th 2016
The Higher Education Loans Board has set its sights on defaulters living abroad after the debt collectors it hired two financial years ago helped recover Sh455 million.
Source: Nation (Kenya)
Wednesday, September 28th 2016
The validity of a tax management systems contract that the KRA awarded a Swiss firm was thrown into doubt Tuesday after a procurement oversight agency told Parliament that it was based on fraudulent documents.
Source: Nation (Kenya)
Monday, September 26th 2016
Spire Bank has slashed its insurance premium financing (IPF) rate by 6.5 percentage points to eight per cent, indicating that the new low-interest rate regime is now expanding to auxiliary loan products offered by banks.
Source: Nation (Kenya)
Tuesday, September 27th 2016
The recent capping of interest rates could trigger increased uptake of mortgage, analysts at fund management firm Britam have predicted.
Source: Nation (Kenya)
Tuesday, September 27th 2016
The price of sugar has risen to a new peak buoyed by heightened activity from industry cartels out to mint cash ahead of next year’s general election.
Source: Nation (Kenya)
Tuesday, September 27th 2016
Consumer goods manufacturer Bidco has been cleared of charges of environmental breach in Uganda, a sigh of relief to the company that has been fighting claims that it is involved in deforestation
Source: Monitor (Uganda)
Wednesday, September 28th 2016
Motorists have been handed a two-year relief with the deferment of value added tax (VAT) on petroleum products, which pushes forward fuel price increases to September 2018 at the earliest.
Source: Nation (Kenya)
Monday, September 26th 2016
Thika-based consumer goods manufacturer Bidco has been cleared of charges of environmental breach in Uganda, offering reprieve to the firm that has been fighting claims that it is involved in malpractices.
Source: Nation (Kenya)
Monday, September 26th 2016
The questions to raise to BoU are: What is the primary purpose of issuing government paper? Is it to mop up excess liquidity or to mobilise domestic resources in order to fund the ever-increasing government (recurrent)...
Source: Monitor (Uganda)
Monday, September 26th 2016
Audit firm Grant Thornton Uganda has constructed classroom blocks and toilets for Namulonge Senior Secondary school. The school previously had two blocks to accommodate over 450 students who study from the school.
Source: Monitor (Uganda)
Sunday, September 25th 2016
The government risks crowding out the private sector from the domestic market as banks fight to give the Treasury cheap credit days after loan rate caps were effected, further stalling credit growth.
Source: Nation (Kenya)
Monday, September 26th 2016
The business is projected to more than double from $4 billion to $9 billion over the next five years.
Source: The East African
Monday, September 26th 2016
The Kenya Electricity Transmission Company (Ketraco) is banking on private investors to mobilise $5.9 billion (Sh597 billion) required to build 18,300kms of high voltage power lines by 2030.
Source: Nation (Kenya)
Sunday, September 25th 2016
European development finance institutions Proparco (French) and DEG (German) are set to raise their stakes in I&M Holdings from the current 10.68 per cent in an upcoming rights issue by the banking group.
Source: Nation (Kenya)

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