African Development Bank

The African Development Bank (AfDB), founded in 1964 and headquartered in Abidjan, Ivory Coast, serves as a multilateral development finance institution dedicated to fostering economic and social progress in Africa. It provides a range of financial products including loans, lines of credit, guarantees, and risk management solutions to both public and private sector projects. The bank collaborates with national and international development entities to finance development initiatives, offering technical assistance for project selection, preparation, and studies. Additionally, the African Development Fund (ADF), a concessional financing arm of the bank, supports low-income regional member countries with loans and grants aimed at poverty reduction and economic development. Through these efforts, the AfDB promotes investments that contribute to sustainable growth across the continent.