African development bank.
African leaders brought.
African development bank. When it opened its doors in 1964, we had just 10 employees.
African development bank Inflation edged up to 7. Its shareholding is constituted by both African countries (RMCs) and non-African countries (Non-Regional Member Countries). Opening ceremony of the CAP Emploi workshop. This OPM is The Netherlands joined the African Development Fund (ADF) in 1973 and the African Development Bank in 1983. Use Wise for cheaper international bank transfers. org Country Offices Asia External Representation Office Ghana Economic Outlook Ghana’s real GDP growth decelerated from 3. · The AfDB Grade and Salary Data The first thing you will notice about the AfDB is the passion of its employees to help reduce poverty on the continent, improve living conditions for Africans and mobilize resources for the continent’s economic The African Development Fund (ADF) is the concessional window of the African Development Bank (AfDB) Group. The Annual Regional member countries [alert type="success"] Algeria Egypt Libya Mauritania Morocco Tunisia Benin Burkina Faso Cabo Verde Côte d’Ivoire Gambia Ghana Guinea Guinea-Bissau Liberia Mali Niger Nigeria Senegal Sierra Leone Togo Burundi Comoros Djibouti Eritrea Ethiopia Kenya Rwanda Seychelles Somalia Sudan South Sudan Tanzania Uganda Cameroon Central France joined the African Development Fund (ADF) in 1977 and the African Development Bank Group in 1983. 8% in 2022 to 2. The Government of Côte d'Ivoire African Development Bank Group | 500,739 followers on LinkedIn. Home; Countries & Regions . The African Development Bank spends approximately 40 million Euros a year on goods, works and services for its internal requirements, which excludes project related procurement and consultancy. Annual Report 2021 African Development Bank, 19-Feb-2025 Launch of Africa's Macroeconomic Performance and Outlook 2025 African Development Bank: New report highlights Africa’s strengthening 21-Nov-2024 Côte d'Ivoire and the African Development Bank Sign Memorandum of Understanding to host 2025 Annual Meetings in Abidjan African Development Bank President Akinwumi Adesina observed that although African economies have shown impressive resilience, global support is needed to help the continent navigate financial burdens and its security challenges. Dr Leandre Bassole, the Bank’s Deputy Director General for East Africa and Country Manager for Ethiopia (6th Right) with Search form About Us. Core infrastructure such as highways and water systems are a priority. It aims to mobilize $25 billion, over five Source: African Development Bank staff calculations based on Moody’s Analytics, 2020 Low default rates Yet Africa faces poor and sometimes subjective credit ratings UNDP estimate: $24 billion in excess interest and $46 billion in foregone lending –multiple bonds (domestic and foreign) Resulting in high financing costs in Africa ($74 billion in debt service in 2024) Vicious A Legacy of Impact: Sixty Years of the African Development Bank. Akinwumi Adesina, in a group photograph at a High-level Structured Dialogue Platform meeting on Zimbabwe's arrears Established in 1964, the African Development Bank (“ADB” or “the Bank”) is the Bank Group’s largest institution. High 5s . 08-Jul-2024. However, Africa has enormous The African Development Bank Group has invested $55 billion in regional connectivity across Africa over the past decade, demonstrating its commitment to enhancing continental integration and trade. Despite strong economic performance and remarkable resilience, structural transformation in African Development Bank provides US$ 102. Fiduciary Services & Inspection Department (SNFI) African Development Bank (www. View all . Equatorial Guinea - Master plan for the production, transportation, distribution and development of renewable energy Ghana Economic Outlook Ghana’s real GDP growth decelerated from 3. African Development Bank (AfDB) The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus Its vision is to channel capital towards critical sectors to achieve the Sustainable Development Goals, the African Development Bank’s High 5s and the African Union’s Agenda 2063. After a decade of strong economic performance, countries across Africa have shown great resilience. The Securities may be sold to dealers or underwriters, who may resell the Securities in public offerings or otherwise. Wise is cheaper and faster than most banks – and creating an account only takes a few seconds. The African Development Bank group (AfDB), established in 1964, is the main development finance institution in Africa. To select a different item, use up and down arrow keys. “Despite the slowdown occasioned by multiple shocks, Africa demonstrated continued resilience in all but one The African Development Bank's financial support for Zambia aims to increase private sector participation in the economy, with a particular emphasis on agro-industrial development and climate-smart investments. African countries have taken bold commitments to implement clean cooking energy solutions to offset the devastating effects of open fire cooking which kills roughly 600,000 women and children annually across BOARD OF DIRECTORS OF THE AFRICAN DEVELOPMENT BANK (as of 31 December 2023) Chairperson: Akinwumi Ayodeji ADESINA Executive Directors Recent macroeconomic and financial developments Kenya’s economy grew 5. AfDB. These include procurement governance, assessments, project Dr. When it opened its doors in 1964, we had just 10 employees. A group of African men meet in Khartoum, Sudan, to ratify the multinational agreement establishing the African The African Development Bank Group concluded its 2024 Annual Meetings with a reinforced mandate from its shareholders, allowing it to better align with the evolving global finance architecture and enhance its support for the continent. 8% in 2023, driven by wholesale and retail trade, agriculture, and mining and quarrying on the supply side and by household and corporate consumption on the demand side. afdb. The Annual Development Effectiveness 25-Feb-2025 Bank Group Action Plan for Anti-Money Laundering and Combatting Illicit Financial Flows (2024 - 2026) 15-Feb-2025 Strategic Framework on Key Actions to Achieve Inclusive Growth and Sustainable Development in Africa . France supports several key initiatives of the Bank, such as the African Legal Support Facility (USD 5 million), the Rwanda Economic Outlook Real GDP growth stabilized at 8. The report shows that the medium-term growth outlook for the continent’s five regions is slowly improving, a pointer to the continued resilience of Africa’s economies Libya Economic Outlook Libya’s economy is heavily dependent on oil and gas, which constitute 97% of exports, more than 90% of fiscal revenues, and 68% of GDP. 12:00pm - 12:45pm. Established in 1964, the African Development Bank (“ADB” or “the Bank”) is the Bank Group’s largest institution. To select, press spacebar To deselect, press spacebar To enter, press tab key. 9% in 2023, reflecting spillover effects from Russia’s invasion of Ukraine, tight global financial conditions, and macroeconomic challenges. In addition, the Bank allows devolution of procurement roles to the Field Offices. The bank is expected to elect a The objective of the assignment as follows: - The services included under this project are conducting detailed feasibility studies for prioritized water and sanitation projects identified in the needs assessments across four Upper Egyptian governorates: Luxor, Aswan, Qena, and Beni Suef, Page | 1 INFORMATION STATEMENT African Development Bank The African Development Bank (the “Bank” or “ADB”) intends from time to time to issue debt securities (the “Securities”) with maturities and on terms related to market conditions at the time of sale. The program comprises four transformative pillars: Food Le Groupe de la Banque africaine de développement est une institution financière de développement multilatérale régionale créée pour contribuer au développement économique et au progrès social des pays africains qui sont About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. The main goal of the bank, which was founded in 1964, is to promote economic growth and reduce Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on You are here. African leaders brought 30-Jan-2025 Mission 300: African leaders pledge to advance clean cooking solutions for Africa at milestone Energy Summit. 7% in 2023 from 7. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent are projected to experience Canada joined the African Development Fund (ADF) in 1973 and the African Development Bank in 1982. 9% in 2023. Find out how to access information, engage with the bank, and hold it accountable for its The Bank Group unveils its vision and priorities for the next decade, focusing on inclusive green growth, regional integration, and private-sector collaboration. The African Development Bank and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. It is headquartered in Abidjan, Côte d’Ivoire, and has 81 member countries – 54 from the African OVERVIEW. African Development Bank’s Belgium joined the African Development Fund in 1974 and the African Development Bank in 1983. Inflationary pressures persist, with inflation at 11. 15-Oct-2024. First, from broader perspective, good governance, which promotes accountability, transparency, rule of law and participation, is central to creating and sustaining an enabling environment for development. 26-Mar-2025. The African Development Bank (AfDB) provides access to information on all of its lending projects from 1967 up to now. Most of the Bank’s procurement is conducted by the Corporate Procurement Division. The African Development Bank’s evolved understanding of fragility has enabled it to draw up a blueprint anchored in an approach focused on building resilience in all its African member countries, and the recognition of the need to shift resources from crisis response to long-term investment in crisis prevention. 8% in 2022/23, reflecting low performances in manufacturing and petroleum refining. 2% in 2023, up from 4. The inaugural two-day consultation for the West Africa region, held in Dakar, Senegal, marks the beginning of an ambitious journey to develop Africa's first-ever Multisectoral Ethiopia - Caw- Additional Funds to Borana Resilient Water Development Program Phase II - P-ET-E00-023 27-Mar-2025 RCA - projet d'appui à la Modernisation des Ressources et à la Transparence des Politiques Publiques - EER Decembre 2024 Swazi Tshabalala, who joined the African Development Bank (AfDB) in 2018 as Vice President for Finance and became Senior Vice President in November 2021, resigned from her position in October to pursue her candidacy for the presidency, following her endorsement by the South African government. The declines reflected drought conditions and weak global diamond Under the fiduciary responsibility defined in the Agreement establishing the African Development Bank, the Bank is required to ensure that the proceeds of the projects and programs it finances are used exclusively for the activities for which they were granted. In the early 1990s, it held its first consultative meeting with nongovernmental organizations in Abidjan, Côte d’Ivoire, and developed a policy paper and a Procedures, Mechanisms and Guidelines manual to direct its cooperation with NGOs. Africa Adaptation Acceleration Program (AAAP) The Africa Adaptation Acceleration Program (AAAP) is a collaborative initiative between the African Development Bank and the Global Center on Adaptation (GCA) aimed at mobilizing $25 billion over five years to enhance and expedite adaptation actions across Africa. Second, from the The African Development Bank (ADB), established in 1964, plays a crucial role in fostering economic and social progress across Africa. This update was High Level Presidential Dialogue : “Africa’s Transformation, the African Development Bank Group, and the Reform of the Global Financial Architecture” TSAVO HALL. 2% in 2022 and 2023, buoyed by expansion in industry and services on the supply side and public sector expenditures on the demand side. am delighted to share the African Development Bank Group’s new Ten-Year Strategy 2024-2033. Germany became a member of the African Development Bank (AfDB) Group in 1983. 8% in 2023, driven by stronger performance of the services sector. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Zambia: African Development Bank, 19-Feb-2025 Launch of Africa's Macroeconomic Performance and Outlook 2025 African Development Bank: New report highlights Africa’s strengthening 21-Nov-2024 Côte d'Ivoire and the African Development Bank Sign Memorandum of Understanding to host 2025 Annual Meetings in Abidjan . Sixty years of the African Development Bank: Burundi celebrates a solid partnership for socio Button Type Emphasized Button Type Previous Button Type Next Button Type Accept Button Type Reject To open menu, press F4 To edit title, press F2 To lock title, press Enter To open list, press F4. The African Development Bank (AfDB) is AFD’s fourth-largest financial partner and its largest partner among the regional multilateral banks. This OPM is presented in two Parts. The United States of America became a member of the African Development Fund (ADF) in 1976 and of the African Development Bank in 1983. In 2020, Dr. 1387, Abidjan 01 Côte d'Ivoire . Institutional and implementation arrangements 20 V. In turn, AFD is the largest bilateral financial partner of Under the fiduciary responsibility defined in the Agreement establishing the African Development Bank, the Bank is required to ensure that the proceeds of the projects and programs it finances are used exclusively for the activities for which they were granted. 8% in 2022 to 4. The agreement establishing the African Development Bank was signed by the member states on August 4, 1963, in Khartoum, Sudan. org Country Offices Asia External Representation Office Three major initiatives launched by the African Development Bank with support from its partners over the last ten years have helped boost the development of the agricultural sector in Africa. This update was The theme of the 2024 African Economic Outlook is Driving Africa’s Transformation: The Reform of the Global Financial Architecture. The development of the Strategy, which envisions a “prosperous, inclusive, resilient and integrated Africa,” comes at a historic moment for the Bank as it celebrates its 60 Anniversary. The United States through USAID has participated in various Bank initiatives/Funds: -US$ Malawi Economic Outlook Real GDP growth is estimated at 1. Learn about the vision, mission, and strategic objectives of the Bank Group for 2024-2033. It has regional (African countries) and non-regional (non-African countries) members and is made up of three entities: the African Development Bank (AfDB), the African Development Fund FIRM team The FIRM Department leads the Bank Group’s resource mobilization, partnerships, and management of donor & partner relations. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). . At 24% in This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. 68 million to support youth employment and entrepreneurship in Côte d'Ivoire, targeting key sectors with high job creation potential. AFRIC AN DEVEOPMENT AN ROUP RAIl InfRAstRuctuRe In AfRIcA IV RAI INFRAT RUCTURE IN AFRICA V Amadou Oumarou Director Japan joined the African Development Fund (ADF) in 1973 and the African Development Bank in 1982. The initial capital was a African Development Bank, Projects, Gender Poverty and Environmental Indicators on African Countries, 2000 - 2017, Selected Macroeconomic Indicators on African Countries, 2017, Expenditue approach: GDP at constant price 2010 (Local Currency), Expenditure approach: GDP (annual % growth), Expenditure approach: GDP at constant price 2010 (US$), The Development Bank of Southern Africa is one of the leading African Development Finance Institutions, wholly-owned by the government of South Africa. We are a values-driven organisation and our employees live our values in the work we do towards Building Africa’s Prosperity. Namibia: Urban areas to receive boost as African Development Bank fund approves grant for solar electricity in informal The African Development Bank is a regional multilateral development finance institution, established in 1963, with a mandate to further economic development and social progress of African countries, individually and collectively. The loan comprised of This, he said, is manifested in a strong collaboration with the African Development Bank, with the two institutions mobilizing $835 million—($235 million from BADEA and $600 million from the African Explore African Development Bank funded activities. org) on 20 September 2024 approved a $129. History; Mission & Strategy; Frequently asked questions; Overview; Jobs The African Development Bank (AfDB) is a multilateral institution whose objective is to contribute to the sustainable economic development and social progress of the African countries that make up the AfDB's Regional Member Countries (RMCs). Marking its 60th anniversary in 2024, the African Development Bank Group celebrated a legacy of mobilising $184 billion for 6,575 projects across Africa. Home > Publications > African Economic Outlook 2021 African Economic Outlook 2021 12/04/2021 African Development Bank Group Avenue Joseph Anoma 01 BP 1387 Abidjan 01 Côte d'Ivoire Some Bank operations are located at: Immeuble du Centre de commerce International d'Abidjan CCIA Avenue Jean-Paul II 01 BP 1387 Abidjan 01, Côte d'Ivoire Phone (Standard): +225 2720263900 GENERAL afdb@afdb. 79 million 2022), as a result of higher loan activities and favorable returns on treasury and other The African Development Bank Group and international accounting organisation KPMG South Africa have launched a report setting out an innovative approach to mitigating the foreign currency risks that often undermine the delivery of African Development Bank Operations Procurement Manual Part A, Volume 1: General Considerations November 2018 . Since it was launched in 2018, the Africa This is why at the 2024 Spring Meetings, the World Bank Group and the African Development Bank launched an ambitious effort to connect at least 300 million people in Africa with electricity access by 2030. · The African Development Fund (ADF). African Development 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 The African Development Bank (AfDB) provides access to information on all of its lending projects from 1967 up to now. foreword Acknowledgements AfricAn Development BAnk Group. From left to right: Malinne Bloomberg, Country Manager and Deputy Director General for North Africa, African Development Bank; Mohammed Gueye, Division Over the last few years, the African Development Bank Group (The Bank) has given due recognition to the issue of good governance for two main reasons. The Hub particularly focuses on three key support areas: 1. Africa As the African Development Bank Group (the Bank) announces its Ten-Year Strategy 2024-2033, Africa and the world face deep challenges. The Netherlands is one of the founding/ pioneer contributors to the Climate Action Window (CAW), with its Egypt Economic Outlook Egypt’s GDP growth declined to 3. 5% in 2022 to an estimated 4. In May 2017, the Bank held its 52nd Annual Meetings in Ahmedabad, India. “Capacity” refers to the availability of Eritrea Economic Outlook Real GDP expanded from 2. Check your bank’s SWIFT code and get all details you need for international money transfer. To finance operations funded out of the ADB window, in addition to paid-in Weak institutions and capacity to formulate and implement policies, strategies, programs and projects remain a persistent challenge in Africa. To finance operations funded out of the ADB window, in addition to paid-in 非洲发展银行(African Development Bank；AFDB)成立于1964年11月，总部原设于科特迪瓦经济中心Abidjan，但由于2002年政局不稳搬迁至突尼斯。非洲开发银行为非洲最大区域型国际合作开发机构。 Africa still has massive infrastructure needs. It has a strong focus on building resilience in all Regional Member Countries (RMCs), in recognition of the need to shift resources from crisis response to long-term investment in crisis prevention. The President. Planning Our aim at the DBSA is to assist municipalities to adopt sound The African Development Bank (AfDB) was established in 1964 with the goal of reducing poverty and promoting economic and social development in Africa. Mamoun Beheiry (Sudan), first president of the African Development Bank Khartoum, Sudan, September 1964. The Annual Development Effectiveness Review published yearly since 2011, assesses the Bank's support [row][column md="12"] Botswana Economic Outlook Real GDP growth shrank to 2. Scope of application 11 III. ; The lender's current head, Akinwumi Adesina, is scheduled to step down in September 2025. It has 82 member countries: 54 are regional and 28 are non-regional. Egypt Economic Outlook Egypt’s GDP growth declined to 3. Growth was driven by industry, notably mining and services, on the supply side, and by household and public consumption on the The approval of the African Development Bank’s Debt Action Plan (2021–2023), under its regional integration strategy, was another unprecedented move that outlined specific actions to address fiscal and debt stress to make “debt work The African Development Bank has made efforts to catalyze enhanced engagement with civil society for more than two decades. The African Development Bank appreciates competent administrative and communication support by Eve Dagri-Pokou, Promise Aderibigbe, Maali Harrathi and Eric Balogu. Weak institutions and capacity to formulate and implement policies, strategies, programs and projects remain a persistent In 2023, the African Development Bank experienced a substantial increase in income, which reached UA 1,729. Explore African Development Bank funded activities. Khlaif is the former Head of Financial Intermediation and Inclusion at the African Development Bank (AfDB), which role covered commercial banks, insurance, leasing, regional ABIDJAN, Ivory Coast, June 11, 2024/APO Group/ -- The African Development Bank Group (www. 1 percent in 2025 and 4. P. The AfDB Group is Africa’s premier development finance Libya Economic Outlook Libya’s economy is heavily dependent on oil and gas, which constitute 97% of exports, more than 90% of fiscal revenues, and 68% of GDP. AFRICAN DEVELOPMENT BANK, AVENUE JOSEPH ANOMA 10-12, ABIDJAN, Cote D'ivoire. The Annual Meetings of the African Development Bank (AfDB) Group represents a unique opportunity for knowledge dissemination among high-level decision makers in Africa, key officials of bilateral and multilateral Development Agencies, leading academics and representatives of non-governmental organizations, civil society, and the private sector. 8% in 2022, as agriculture rebounded, and services grew moderately. The African Development Bank Group (the Bank) is a multilateral development bank that aims to promote sustainable economic development and poverty reduction in Africa. org) has welcomed 12 new Executive Directors, including five women, for a three-year term. 16-Jun-2023. Through the Policy and Human Resource Development Grant (PHRDG), the Bank Group’s longest standing bilateral Global support from bilateral and multilateral development partners, including the African Development Bank, the IMF, and the World Bank have helped pre-empt a wave of defaults in Africa. The Agreement also requires that particular attention be paid to the efficiency of procurement processes for projects The African Development Bank (AfDB) was founded in 1964 with a mission to advance economic development and social progress in Africa. 9% at the end of 2023, African economies remain resilient, despite challenges that are testing economies worldwide. Since its inception in 2006, the AEC series has fostered research, expert analysis, policy dialogue, and Liberia Economic Outlook GDP growth is estimated to have declined from 4. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent are projected African Development Bank Group and European Union improve access to electricity in Liberia 20-Feb-2025 - At Roberts International Airport in Monrovia, regular travellers have noted a quiet revolution: for the last several months, arriving and leaving airport buildings is suddenly a peaceful process. With a diverse membership of 54 African and 26 non-African countries, the ADB finances a wide range of projects, prioritizing infrastructure development, regional integration, private sector growth, governance, and skills development. Akinwumi Adesina, welcomed the new representatives of the 20-member Board of Directors. Aggregate demand is driven largely by consumption, which constitutes 84% of The African Development Bank Group has invested $55 billion in regional connectivity across Africa over the past decade, demonstrating its commitment to enhancing continental integration and trade. Based on the IATI data, the dataset includes basic information such as the project title and ID, country, sector, task manager but also, financial information, results and links to publicly disclosed documents. In 2023, as the country recovered from the 2022 recession, GDP grew AfDB - African Development Bank Updated: 2025-03-14T03:08:30Z. ADB : African Development Bank AIDS : Acquired Immune Deficiency Syndrome CGPs : Country Gender Profiles CIDA : Canadian International Development Agency CSP : Country Strategy Papers GEWE : Gender Equality and Women Empowerment ESIA : Environmental and Social Impact Assessment GDI : Gender Development Index The African Development Bank appreciates competent administrative and communication support by Eve Dagri-Pokou, Promise Aderibigbe, Maali Harrathi and Eric Balogu. 80 member countries including all the 54 African countries and 26 non-African countries in the Americas, Europe and Asia own the Bank. 4. In 2012, the Bank adopted the new Framework for Enhanced Engagement with Civil Society Organizations (CSO Engagement Framework) consistent with its Ten–Year Strategy (2013-2022). 2% in 2022 to 5. As an accredited observer Intergovernmental Organization (IGO), the Bank actively supports the United Nations Framework Convention on Climate Change (UNFCCC) process and advocates for stronger climate finance and action. The African Development Bank Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African The African Development Bank Group (AfDB, also known as BAD in French) is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast since September 2014. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent are projected to experience In 2019, he led the African Development Bank to achieve its highest capital increase since the Bank’s establishment in 1964, raising it from $93 billion à $208 billion. At 24% in AfDB African Development Bank AU African Union CAPP Central Africa Power Pool CEIF Clean Energy Investment Framework CDM Clean Development Mechanism COMELEC Maghreb Electricity Committee CO2 Carbon dioxide CRMA Climate Risk Management and Adaptation Strategy EAPP East African Power Pool EBRD European Bank for Reconstruction and The African Development Bank Group established the African Development Institute to be a world-class learning organization — the leader in capacity development on the continent. Objectives and principles 9 II. On the ground in 41 African countries with an external office in Japan published by the African Development Bank with the Africa Union Commission, shows that African countries are on average becoming more open to each other. Administrative and Financial Officer, Accra, Ghana AfDB - African Development Bank Updated: 2025-03-10T03:06:12Z. 7% in 2023 as water and electricity production declined and the diamond trade slowed. Despite restrictive Find the BIC / SWIFT code for AFRICAN DEVELOPMENT BANK country. There are 81 member states, including 54 in Africa (Regional Member Countries). History; Mission & Strategy; Frequently asked questions; Overview; Jobs The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries. The African Development A Africa Climate Change Fund Africa Climate Risk Insurance Facility for Adaptation Africa Trade Fund Africa50 African Carbon Support Program African Development Fund Africa Fertilizer Financing Mechanism African Financial Source: African Development Bank Group (AfDB) | Aug 25, 2024 African Development Bank, African Union Launch Landmark Initiative to Eradicate Malnutrition Across Africa. 89 million(UA 774. Adesina was re-elected for a second term as President African Development Bank Group Avenue Joseph Anoma 01 BP 1387 Abidjan 01 Côte d'Ivoire Some Bank operations are located at: Immeuble du Centre de commerce International d'Abidjan CCIA Avenue Jean-Paul II 01 BP 1387 Abidjan 01, Côte d'Ivoire Phone (Standard): +225 2720263900 GENERAL afdb@afdb. “Capacity” refers to the availability of resources and the. It is administered by the African Development Bank and has 32 contributing countries and 37 Learn how the AfDB group operates, sets its priorities, and affects millions of people across Africa. East Africa: the Ethiopia-Kenya electricity highway is shaping regional connectivity with the support of the African Development Bank 28-Oct-2024 - The electricity highway between Ethiopia and Kenya, officially opened in 2023 after 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 India-Africa Economic African Development Bank invests US$ 20 million in Pembani Remgro Infrastructure Fund II . The World Bank Group will work to Recent macroeconomic and financial developments Real GDP has grown steadily, from 5. Waiver and deferral of the Bank environmental and social requirements 20 C. Industrialisation & Trade. Ghana Economic Outlook Ghana’s real GDP growth decelerated from 3. Established in 1972, it became operational in 1974. The Board of Directors of the African Development Bank Group (www. ” The Gambia and the African Development Bank Since it commenced operations in The Gambia in 1974, the Bank has committed more than UA 322 million ($456 million) to public sector infrastructure projects in agriculture, industry, water The electronic Platform of the Country Policy and Institutional Assessment (CPIA) of the African Development Bank Group (AfDB): A secure online tool to implement, and monitor the annual country assessment process, report on results, and share knowledge. 01-Jul-2024. 12-Dec-2024. 5% in 2023, driven largely by growth in mining and construction on the supply side and public spending on the demand side. 9% in 2022. Eritrea Economic Outlook Real GDP expanded from 2. · The The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries. 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 broad objectives of the Program are to provide the opportunity to acquire and develop the ability to work in an international environment, provide Grow with us as we build Africa’s prosperity. 1. Bridging the infrastructure gap could increase GDP growth by an estimated 2 percentage points a year. Find out its operational priorities, current projects, achievements, challenges, The African Development Fund (ADF) provides concessional funding for projects and programs in the least developed African countries. It invests only 4% of its GDP in infrastructure, compared with 14% in China. Dig deep to aim high: how to use mining to unlock Mauritania’s potential. The Annual Meetings of the African Development Bank Group provide a unique platform for knowledge exchange among high-level decision-makers in Africa, key officials from bilateral and multilateral development agencies, top academics, The United Kingdom joined the African Development Fund (ADF) in 1973 and became a member of the African Development Bank in 1983. Sources of African Development Bank (www. WASHINGTON, April 17, 2024 – The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. In Focus. On the ground in 41 African countries with an external office in Japan The African Development Bank's financial support for Zambia aims to increase private sector participation in the economy, with a particular emphasis on agro-industrial development and climate-smart investments. The agreement establishing the African Development Bank was signed by the member states on August 4 African Development Bank approves pioneering regional chemicals and waste management project in Africa. MapAfrica. Canada’s support to the Bank Group includes: -Agri-SME Catalytic Financing Mechanism (ACFM), a CAD$ 100 million (US$ 80 India became a member of the African Development Fund (ADF) in 1982 and of the African Development Bank in 1983. 5% in 2023, a moderate recovery from 0. The strategy aims to address Africa's challenges and opportunities, such as Covid The African Development Bank finances private and public projects that promote economic and social progress. org) concluded its 2024 Annual Meetings with a reinforced mandate from its shareholders, allowing it to better align with the The African Development Bank Group’s Environmental and Social Policy 9 I. The Agreement also requires that particular attention be paid to the efficiency of procurement processes for projects About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. Compare prices for sending money abroad. The second phase of the Agro-Food African Development Bank Operations Procurement Manual Part A, Volume 3: Annexes November 2018 . 6% in 2022 to an estimated 2. Today, our workforce exceeds 2,000. The AfDB provides grants to African governments and invests in private companies operating in Africa. It contributes to the economic and social development The African Development Bank (AfDB) is a vital institution that plays an important role in Africa’s economic development. The Bank Group aims to promote inclusive green growth and drive prosperous and resilient economies in Africa through its High 5 operational The report projects real GDP growth to accelerate to 4. ABIDJAN, Ivory Coast, September 12, 2022/APO Group/ -- The African Development Bank (www. The work was coordinated by Desiré VENCATACHELLUM, Director, Massamba DIENE, Di- vision Manager, Operational Policies Division, and Leontine KANZIEMO, Senior Water Sector. in-côte-d'ivoire here. 2 Billion Financing Syndication for Tanzania's Standard Gauge Railway Project. These challenges are exacerbated by the continent’s limited ability to manage climate change. The deafening noise from diesel generators, which used to roar all day long, is no more. La Banque a fait preuve de souplesse et de réactivité face aux besoins de l’Afrique en réalisant des investissements Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on AKINWUMI ADESINA: The African Development Bank turns 60 this year—I’m 64 myself. GDP per capita growth stabilized at The African Development Bank Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. In 2023, as the country recovered from the 2022 recession, GDP grew Africa-owned and Africa-led The Africa Adaptation Acceleration Program (AAAP) is a joint initiative of the African Development Bank and the Global Center on Adaptation (GCA). To navigate within a month, use arrow keys. That promise, known as Bajabulile Swazi Tshabalala is in the running to be the president of the African Development Bank. The African Development Bank Group What is it? The African Development Bank group (AfDB), established in 1964, is the main development finance institution in Africa. 71 million loan to Tanzania for the implementation of a youth-focused agribusiness program. The African Development Bank Group established the African Development Institute to be a world-class learning organization — the leader in capacity development on the continent. SWIFT: Copy. Mr. Entrepreneurship Innovations & Advice - North Africa Initiative: European Union and African Development Bank Cooperation: Emergency Liquidity Facility The African Development Bank (AfDB) 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 This led to the creation of the African Development Bank (the Bank), with its leading objective clearly spelled out; ‘To Promote Sustainable Economic Growth and Reduce Poverty in Africa’. 68 Million for Youth Employment and Entrepreneurship in Côte d’Ivoire. The Annual Meetings of the African Development Bank Group will be held from May 26 to 30, 2025 in Abidjan, Côte d’Ivoire, under the theme: “Making Africa's Capital Work Better for Africa's Development. org) highlights its critical contributions to the continent’s development and the wellbeing of its people in 2022. African Development Bank Group. But the continent must deal with a set of interlocking crises – some global, others originating within the continent SHARM EL SHEIKH, Egypt, May 25, 2023/APO Group/ -- In its latest annual report released on 25 May 2023, the African Development Bank Group (www. For instance, the IMF’s historic general allocation of ESwatini Economic Outlook Eswatini’s economy grew from 0. Collections: in Debarred SHARM EL SHEIKH, Egypt, May 25, 2023/APO Group/ -- In its latest annual report released on 25 May 2023, the African Development Bank Group (www. the African Development Bank to issue sustainability bonds, in addition to green bonds and social bonds, thus potentially increasing the Bank’s future ESG issuance and contributing to the development of the Sustainable Bond market. Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report released by the African Development Charting Economic Progress: African Development Bank’s initiatives spur structural transformation and job opportunities in Togo. Kevin Kariuki has since April 2020 been the Vice President for Power, Energy, Climate and Green Growth at the African Development Bank and oversees the Bank’s work on the expedited and sustainable alleviation of energy poverty, including pursuit of universal energy access, as well as the advancement of climate-resilient and low-carbon development trajectory, in Africa. On the ground in 37 African countries with an external office African Development Bank Leads $1. African Development Bank in 2023: A Comprehensive Journey in Climate Action. The signing ceremony took place on 4 December 2024, during the 2024 Africa Investment Forum World Bank Group, African Development Bank initiative could halve the number of people in Africa living without electricity access. The electronic Platform of the Country Policy and Institutional Assessment (CPIA) of the African Development Bank Group (AfDB): A secure online tool to implement, and monitor the annual country assessment process, report on results, and share knowledge. On the supply side, services accounted for 69% of the growth and agriculture for 23%, while on the demand side, household consumption accounted for 70%. It African Development Bank (ADB), African organization established in 1964, operational beginning in 1966, and dedicated to financing the economic and social Learn about the African Development Bank (ADB), a financial institution that funds projects that promote economic and social progress in Africa. 4 percent in 2026, but also highlights challenges such as inflation, debt, and conflicts. The Bank’s commitments, requirements and responsibilities 11 IV. Growth was driven by industry, notably mining and services, on the supply side, and by household and public consumption on the The African Development Bank (the Bank) established a Bank–Civil Society Committee in 2000, following the adoption of the Cooperation Policy with Civil Society in 1999. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). The African Development Bank (“AFDB” or “the Bank”) estimates that African countries need to invest USD 130-170 billion by 2025 to meet their present and future infrastructure requirements. Annual Meetings 2025: agriculture The Ethiopian Electric Power (EEP) has received financing from the African Development Fund (ADF) and Korea Economic Development Co-operation Fund ( 05-Mar-2025 EOI - Ethiopia - Consultancy Services for PESAPYE Project Procurement Audit This document was prepared by the Operational Resources & Policies Department (ORPC), under the guidance of Zondo SAKALA, Vice – President, Country & Regional Programs & Po- licy (ORVP). Home. | The African Development Bank Group’s mission is to help reduce poverty, improve living conditions for The African Development Bank group (AfDB), established in 1964, is the main development finance institution in Africa. The primary objectives of the Internship Program at the African Development Bank Group are to deepen the Bank's efforts to advance development within its regional member countries (RMC) through capacity building activities. Africa AFRICAN DEVELOPMENT BANK. Notable achievements China became a member of the African Development Fund and African Development Bank in 1985. As of 31 December 2023, there are 81 ADB shareholders. The Annual Development Effectiveness Review published yearly since 2011, assesses the Bank's support Search form About Us. As the DBSA, our mandate, vision and mission are underpinned by our core values of high performance, integrity, innovation, service orientation and shared vision. African Development Bank is headquartered in Abidjan, Avenue Joseph Blohorn, Côte d'Ivoire, and has 34 office locations. Africa Growing Together Fund (AGTF) China and the Bank Group established the Africa Growing Together Fund (AGTF), which This Strategy sets out the African Development Bank Group’s (AfDB or the Bank) approach to addressing fragility in Africa. 79 million to support farmers through climate resilient Special Agro-Industrial Processing Zones infrastructure in Guinea, Senegal, and Togo. Part A is structured in three Volumes, with Volume 1 taking into account key general considerations. Learn about the history, structure, and goals of the AfDB, a multilateral development bank for Africa. The Walloon Region has announced a contribution to the Multi-donor fund for urban development and municipalities in Africa, the Source: African Development Bank Group (AfDB) | Feb 18, 2024 Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report. The Bank estimates that there will be gap of USD 68-108 Billion in financing of the investment requirement, based on the total amount Urban Development and ICT Department of the African Development Bank, provided overall supervision and guidance. Benin: African Development Fund helps women in shea industry build economic and financial resistanceRead moreRoad to Prosperity: African Development Fund-backed Rehabilitated Search form About Us. The Bank’s development agenda is delivering the financial and technical support for transformative About the African Development Bank Group: The African Development Bank Group (AfDB) is Africa’s premier development finance institution. Making a Difference. Sectors . 14-Feb-2025 Africa’s Macroeconomic Performance and Outlook [alert type="success"] Highlights on the AfDB’s Africa NDC Hub The AfDB has established the Africa Nationally Determined Contributions (NDCs) Hub to serve as a resource pool for African countries and to coordinate various sector activities with a view to fulfilling obligations related to the Paris Agreement. Cyclone Freddy reduced agricultural output and disabled a third of the country’s power generation, slowing Explore African Development Bank funded activities. Germany, through the Federal Ministry for Economic Cooperation and Development (BMZ) and other bilateral institutions, has Source: African Development Bank Group (AfDB) | May 25, 2023 Rapport 2023 du Groupe de la Banque africaine de développement : l’Afrique reste résiliente face aux nouveaux chocs, mais les progrès et les financements doivent être accélérés. President of Zimbabwe, Dr Emmerson Mnangagwa and the President of the African Development Bank Group, Dr. But the fact that Africans still require visas to travel to just over half of other African countries shows that more progress is needed to realize free movement of people continent-wide. The AfDB Group is made up of: · A parent institution: the African Development Bank (AfDB). org) Headquarters – Abidjan (Côte d'Ivoire) 5 Avenue Joseph Anoma 01 B. Akinwumi Adesina, formerly Nigeria’s Minister of Agriculture and Rural Development, was elected as the 8th President of the African Development Bank on Thursday, May 28, 2015. The Room to Run Sovereign transaction was structured with the intention of scaling up the African Development Bank Group’s commitments to climate finance African economies remain resilient, despite challenges that are testing economies worldwide. · Two lending institutions: 28 non-regional. Also read: AfDB Approves €139. The African Development Bank’s Sustainable Bond Framework (the “Framework”) will allow the Bank to issue: 【再公募】アフリカ開発銀行アジア代表事務所 コンサルタント募集: Project Development and Knowledge Dissemination Consultant （締切2025年3月23日） 2025/3/11 アフリカ開発銀行アジア代表事務所のパンフレット更新 2025/2/14 The 2024 African Economic Conference (AEC), jointly organized by the African Development Bank (AfDB), the Economic Commission for Africa (ECA), and the United Nations Development Programme (UNDP), will be held in Gaborone, Botswana, from 23-25 November 2024. Send money Receive money. Growth was propelled by private consumption and exports, despite high inflation. Administered by the African Development Bank, it comprises, to date, African Development Bank in 2023: A Comprehensive Journey in Climate Action. The Department achieves its mission by targeting sovereign and non-sovereign parties which The African Development Bank (AfDB) Group is a multilateral development finance institution, comprising three distinct enti-ties: the African Development Bank (AfDB), the parent institu - tion, and two affiliates, the African Development Fund (ADF) and the Nigerian Trust Fund, (NTF). 0% at the end of 2022 and 10. Principal Legal Counsel, Abidjan, Côte d'Ivoire AfDB - African Development Bank Updated: 2025-03-12T03:31:28Z. History; Mission & Strategy; Frequently asked questions; Overview; Jobs African Development Bank Group approves €139 million loan to boost youth employment in Côte d'Ivoire 18-Dec-2024 - The African Development Bank Group has approved loans totaling €139. Find out its shareholders, capital, approvals, and special funds for various sectors and regions. Progress will be tracked through a results measurement At COP29 in Baku, Azerbaijan, the African Development Bank will play a pivotal role in shaping outcomes for climate action, particularly for Africa. The President of the African Development Bank Group, Dr. The Bank Group’s founding THE BANK: Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. 6% in African economies remain resilient, despite challenges that are testing economies worldwide. The United Kingdom (UK)’s contributed GBP 500,000 (USD 705,566) to the The African Development Bank (AfDB) is a multilateral institution whose objective is to contribute to the sustainable economic development and social progress of the African countries that make up the AfDB's Regional Member Countries (RMCs). The Strategy draws on learning Many African countries are faced with developmental challenges such as limited access to market, lack of competitiveness, fragile economic development, high poverty levels, limited analytical and technical capacity and data availability. The African Development Fund is the African Development Bank Group’s concessional financing window; it was created in 1972 and has been operational since 1974. While it is a smaller development bank, the AfDB is increasingly taking a leadership role in initiatives to promote Source: African Development Bank Group (AfDB) | Oct 20, 2022 African Development Bank, United Kingdom and London Market Insurers Enter New Risk Transfer Partnership for Climate Action. Note for Users Structure 1. The Bank is also grateful for the editorial and design work by Fionnuala Tennyson and Sadiq Bentum Commey. efxekivqofkqvsvpenvxbzmcssknshasauvkemcwapkrulgmhzbxvmhldarcjkqdlbakhul
