Kenya & Senegal : EBRD membership clears path for Sub‑Saharan expansion

On 22 July 2025, the amended Article 1 of the European Bank for Reconstruction and Development (EBRD) officially came into force, enabling the admission of Kenya (77th shareholder) and Senegal (76th shareholder)—their Board approvals took place in May 2024 and February 2024 respectively . The move follows the historic 2023 approval in Samarkand to extend operations to Sub‑Saharan Africa. EBRD President Odile Renaud-Basso described it as “a pivotal step towards the Bank’s geographical expansion”.