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Jul 23, 2024 · The African Development Bank Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries that are the institution's Regional Member Countries.
The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
The African Development Bank is the Group's parent organization. The Agreement establishing the African Development Bank was adopted and opened for signature at the Khartoum, Sudan, conference on August 4, 1963. This agreement entered into force on September 10, 1964.
Mission and Strategy. The Bank Group 10-Year Strategy of the African Development Bank Group 2024-2033 rests on a foundation of optimism about Africa’s potential to transform societies, economies, and the lives of the people of the continent for the better.
Integrate Africa; Improve Life of People in Africa; Sources of Financing . Accelerated Cofinancing Facility for Africa; Africa Digital Financial Inclusion Facility; African Development Bank; African Development Fund; AfricaWater Facility Fund; Clean Technology Fund; Congo Basin Forest Fund; EU-Africa Infrastructure Trust Fund; European Union's ...
The African Development Bank Group unveiled its new Ten-Year Strategy 2024–2033 today, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back on track towards sustained economic growth and prosperity.
The Bank proved agile and responsive to Africa’s needs by making transformative investments in the High 5s totalling $8.2 billion in 2022. In its latest annual report released on 25 May 2023, the African Development Bank Group highlights its critical contributions to the continent’s development and the wellbeing of its people in 2022.
The 59th Annual Meeting of the Board of Governors of the African Development Bank and the 50th Meeting of the Board of Governors of the African Development Fund will take place at the Kenyatta International Conference Center in Nairobi, Kenya from 27–31 May 2024.
Jun 16, 2023 · The African Development Bank Group ( www.AfDB.org) has released its 2022 Annual Report. The report shows solid performance over the year, recording a significant increase in lending to the Bank Group’s regional member countries in the face of a challenging global environment for Africa.
May 25, 2023 · About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).
