Kenya: EBRD shareholder profile

Kenya submitted its request to become a shareholder in July 2023, and the Board of Governors approved its membership in May 2024.

At the EBRD’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to the Agreement Establishing the EBRD, enabling the Bank to operate in sub-Saharan Africa and Iraq.

The threshold in terms of shareholders’ acceptance that was required for this amendment to take effect was reached in April, and the amended Article 1 has entered into force on 22 July.
The Bank can now take forward Kenya’s request to become a country of operations.

Once it becomes a country of operations, Kenya will be able to benefit from the EBRD’s financial and policy support.