Hon. Yusuf Murangwa, Rwanda’s Minister of Finance and Economic Planning and Chairman of the EADB Governing Council; Hon. Henry Musasizi, Uganda’s Minister of Finance, Planning and Economic Development and Member of the EADB Governing Council; Dr. Ramathan Ggoobi, Chairperson of the EADB Board of Directors; and Ms. Anne Juuko, Director General of EADB, sign the contractual documents formalizing her appointment as Board Secretary Simon Kairuki observes.
The Governing Council of the East African Development Bank (EADB) has appointed Ms. Anne Juuko as the Bank’s Director General effective 2 October 2026. The Governing Council, at the same time, resolved to implement reforms to further improve the performance of the Bank.
Ms. Juuko is an accomplished regional banker and financial markets executive with over twenty years of experience across East and Southern Africa in banking, financial markets and executive leadership. She joins EADB from the Standard Bank Group, where she served as Regional Head of Global Markets for Eastern Africa. She previously served as Managing Director and Chief Executive Officer of Stanbic Bank Uganda, Head of Corporate and Investment Banking at Standard Bank Namibia, and in senior roles at Citibank Kenya and Citibank Uganda.
Announcing the appointment in Kampala, the Chairperson of the EADB Governing Council and Rwanda’s Minister of Finance and Economic Planning, Hon. Yusuf Murangwa, said: “Anne Juuko is a distinguished financial sector leader with a strong record of delivering growth across multiple African markets. Her deep understanding of the region’s economies, capital markets and development financing will be invaluable as EADB enters its next phase.”
Hon. Murangwa commended the Bank’s management and staff for their dedication and the strong progress achieved to date. He noted that EADB had delivered an outstanding performance in 2025, profit before tax increase by 51%, loan disbursements increased by 140%, and maintaining investment-grade credit ratings of A from S&P Global and Baa3 from Moody’s, both with stable outlooks. “The Bank has continued this positive momentum and is well positioned for its next phase of growth. Ms. Juuko joins EADB at a pivotal moment, inheriting a strong foundation from which to accelerate the Bank’s transformation, unlock its considerable untapped potential, and deepen its impact across the region. The Governing Council is confident that, under her leadership, EADB will further strengthen its position as East Africa’s premier development finance institution, expand support to its Member States, and play an even greater role in driving regional economic growth, integration, and sustainable development”, he added.
On the reforms aimed at further improving performance of the Bank, he added: “Strong governance is the foundation of a credible development bank. The resolutions adopted today will help the Bank to build on the solid foundation already established to deliver better results to our Member States and the region.”
Ms. Juuko said: “It is a privilege to join an institution that has been in existence for almost sixty years, and I am excited to work with stakeholders across the region to build on that foundation and deliver even greater impact for future generations. Building on the achievements of management and staff and supported by a Governing Council committed to excellence in governance, my priority will be to deepen the Bank’s development finance role, unlock new sources of long-term capital, and cultivate strategic partnerships that expand our reach and deliver lasting socio-economic impact across the region.”
Dr. Natu Mwamba, Permanent Secretary at Tanzania’s Ministry of Finance and EADB Board Member, shares a moment with Ms Anne Juuko, Director General of the East African Development Bank (EADB), during the official leadership transition ceremony.
Mr. Benard P. Mono, EADB Senior Director, Finance and Treasury and former Acting Director General, formally hands over the instruments of office to Ms Anne Juuko, Director General of the East African Development Bank (EADB), marking the transition of leadership at the Bank.
Mr. Benard P. Mono, EADB Senior Director, Finance and Treasury and former Acting Director General, formally hands over the instruments of office to Ms Anne Juuko, Director General of the East African Development Bank (EADB), marking the transition of leadership at the Bank.
The Governing Council expressed its sincere appreciation to Mr. Benard Mono, Senior Director, Finance and Treasury, for his leadership and stewardship of the Bank during the interim period, ensuring continuity and stability throughout the transition.
ENDS
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