Tanzania, March 20 -- Arusha. Limits have been imposed on the autonomy enjoyed by the East African Development Bank (EADB) over the years.

The regional bank, owned by the East African Community (EAC) partner states, has been directed to submit its audited financial reports to the EAC.

Additionally, it has been tasked with informing the Summit of EAC Heads of State - the supreme organ of the community - on its performance annually.

Although the financial institution does not receive any funding from the EAC, it has been directed to fully align its operations with the EAC development plans.

EAC Council of Ministers chairperson Deng Alor Kuol said the autonomy enjoyed by the bank due to its unique nature must have some limits.

Unlike ot...