The East African Development Bank (EADB) has embarked on a search for a new Director General, following the departure of Ms. Vivienne Yeda.
As the search continues, Mr. Bernard Paul Mono has been appointed Acting Director General, effective March 14, 2025. With over 20 years of experience in development finance, Mono is well-equipped to steer EADB towards success.
Seasoned Finance Professional
Mono’s extensive background in development finance makes him an ideal candidate to lead EADB. His expertise, which spans financial institutions, global development finance, and private-sector engagement, is essential for driving growth and development in the region.
Mono’s academic credentials, including a Master of Applied Finance from Macquarie University and a Bachelor of Commerce (Accounting) from the University of Dar-es-Salaam, further solidify his credentials.
Key Skills for Success
As a seasoned finance professional, Mono possesses the necessary skills to excel in his new role. Some of the key skills that will enable him to steer EADB to success include:
Financial Analysis
Mono’s expertise in financial analysis will enable him to make informed decisions about EADB’s investments and financial strategies.
Risk Management
With his experience in development finance, Mono is well-versed in managing risks associated with financial investments and transactions.
Strategic Planning
Mono’s ability to develop and implement strategic plans will be crucial in driving EADB’s growth and development.
Leadership
As a seasoned finance professional, Mono possesses the leadership skills necessary to motivate and guide EADB’s team towards achieving its goals.
Yeda’s Legacy at EADB
During her 17-year tenure, Ms. Yeda oversaw significant growth for the EADB as follows;
Financial Performance -2024
Total Assets: USD497 million
Profit: USD13 million
Non-Performing Loans: 0.88%
Credit Rating: A (S&P Global Ratings)
What remains to be seen now is whether Mono will continue her legacy or surpass it during his time at the helm of the bank.
New Era for EADB
Mono’s appointment as Acting Director General marks the beginning of a new era for EADB. With his expertise and leadership skills, he is well-positioned to drive the bank’s growth and development.
As EADB continues to play a critical role in promoting economic development in the region, Mono’s appointment is a positive step towards achieving this goal.