Uganda, May 11 -- The East African Development Bank (EADB) has launched a $13 million (about Shs49b) fund targeting youth and women-led enterprises, setting the stage for what it calls a new chapter of inclusive growth in the region.

The fund was announced during the bank's Governing Council meeting in Kampala on Friday and is anchored in EADB's 2024-2028 Strategic Plan. It's designed to channel financing through partner institutions to entrepreneurs often considered "too risky" by traditional lenders.

Youth make up over 70% of East Africa's population, and women drive a significant share of micro, small, and medium enterprises. Yet both groups still face steep barriers to affordable, long-term capital.

Outgoing Governing Council Chair...