National

EADB records a $1.8m profit

After registering losses for two successive years, the East African Development Bank (EADB) reported last week a net profit of USD 1.85 million in 2009. Faustin Mbundu Kananura, one of the Bank’s board members, and the chairman of the East African Business Council (EABC), told The New Times on Friday that Rwandans are among the bank’s beneficiaries and once it makes losses, they too lose.
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James Karuhanga