African Development Bank

The African Development Bank (AfDB) is a regional multilateral development finance institution serving African member countries. Established in 1964 and headquartered in Abidjan, Côte d’Ivoire, it supports economic growth, infrastructure development, social progress, and poverty reduction through development finance, grants, technical assistance, and policy support. Its activities span areas such as transport, energy, water and sanitation, agriculture, industry, finance, education, health, and regional integration. The bank is jointly supported by African and non-African member countries, giving it an international governance and funding structure. In addition to lending to governments and public-sector entities, it can work through financial institutions and provide financing to private-sector projects. The African Development Bank Group also includes related mechanisms such as the African Development Fund. Its operations extend across the African continent, although financing terms and beneficiaries vary according to country conditions and project characteristics. The institution is a major regional development actor in infrastructure, connectivity, energy transition, food security, and sustainable development.

The African Development Bank was established in 1964 in response to the need for a financial institution focused on the economic development priorities of African countries following independence. Its mandate has centered on promoting the economic and social development of member countries through loans, grants, technical assistance, and project cooperation. The bank’s membership includes both African and non-African countries, allowing it to mobilize international capital and expertise for regional development. As development needs evolved, its activities expanded from traditional public-sector projects to private-sector finance, cooperation with financial institutions, cross-border infrastructure, and regional integration initiatives. Concessional financing functions are associated with mechanisms such as the African Development Fund, which complements the bank’s broader operations. The institution is headquartered in Abidjan, Côte d’Ivoire, and operates across the African continent. Its continuing areas of work include energy, transport, food and agriculture, water and sanitation, regional connectivity, climate, and sustainable development. Financing instruments and project structures vary according to the conditions of individual member countries and projects.

• 1964

  Establishment of the African Development Bank

  [1]African Development Bank — About Usafdb.org

  The African Development Bank was established to provide regional multilateral financial support for the economic and social development of African countries.

African regional multilateral development finance institution

• development finance

  Sovereign Development Finance

  Financing for governments and public-sector projects in areas such as infrastructure, energy, agriculture, social services, and public governance. It is one of the bank’s core channels for supporting member-country development priorities.

• development finance

  Private-Sector Finance

  Financing or investment support for private companies, financial institutions, and related projects, intended to expand productive investment, improve infrastructure services, support employment, and diversify African economies.

• development assistance

  Grants and Technical Assistance

  Non-loan or complementary support delivered through grants, project preparation, capacity building, and expert advice to improve project design, implementation, and institutional capacity.

• 2021.10

  Reported2021.10.13

  African Development Bank appoints Bajabulile Tshabalala senior vice president[3]非洲开发银行任命巴贾布利勒·茨巴拉拉为高级副行长sabcnews.com

  The African Development Bank announced Bajabulile Tshabalala's appointment as senior vice president, effective the following month.

• 2021.06.15

  Reported2021.06.15

  African Development Bank Group announces Beth Dunford appointment[4]非洲开发银行集团宣布任命Beth Dunfordappablog.wordpress.com

  The African Development Bank Group announced the appointment of Beth Dunford as Vice President, Agriculture, Human and Social Development, effective July 1, 2021.

• Unconfirmed

  Reported2021.02.12

  African Development Bank and African Guarantee Fund launch AFAWA Guarantee for Growth[5]非洲开发银行与非洲担保基金启动AFAWA增长担保计划nairametrics.com

  The African Development Bank and African Guarantee Fund joined to launch the AFAWA Guarantee for Growth program, which aims to make up to $3 billion in financing available to women entrepreneurs through de-risking and technical assistance. Financial institutions in Cameroon, the Democratic Republic of the Congo, Kenya, Rwanda, Tanzania and Uganda were signing on to the program.

• Unconfirmed

  Reported2020.04.01

  Olivine secures AfDB loan for production expansion[6]Olivine获得非洲开发银行贷款以扩大生产zimbabwesituation.com

  Olivine Industries secured a US$8.25 million loan from the African Development Bank to build margarine and tomato sauce processing plants and expand food production in Zimbabwe.

• Unconfirmed

  Reported2020.03.27

  African Development Bank raises $3 billion through Covid-19 social bond[7]非洲开发银行通过新冠疫情社会债券筹集30亿美元allafrica.com

  The African Development Bank raised $3 billion through a three-year Fight Covid-19 Social bond to help alleviate the pandemic’s economic and social impact on African livelihoods and economies.

Read more

1. 1African Development Bank — About Usafdb.org
2. 2African Development Bank — Official Websiteafdb.org
3. 3非洲开发银行任命巴贾布利勒·茨巴拉拉为高级副行长sabcnews.com
4. 4非洲开发银行集团宣布任命Beth Dunfordappablog.wordpress.com
5. 5非洲开发银行与非洲担保基金启动AFAWA增长担保计划nairametrics.com
6. 6Olivine获得非洲开发银行贷款以扩大生产zimbabwesituation.com
7. 7非洲开发银行通过新冠疫情社会债券筹集30亿美元allafrica.com
8. 8Zambia : African Development Bank Launches Record Breaking $3 Billion “Fight COVID-19” Social Bondlusakatimes.com