African Development Bank

The African Development Bank (AfDB) is a multilateral development finance institution established in 1964 and headquartered in Abidjan, Ivory Coast. It aims to support the economic development and social progress of African countries by financing development projects and programs that enhance poverty reduction and foster economic growth. The AfDB comprises three entities: the African Development Bank, the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). The ADF offers concessional loans and grants to low-income regional member countries, along with technical assistance for capacity building and project preparation. The bank also facilitates investments from both public and private sectors, providing a range of financial products, including loans, guarantees, and risk management services, to promote sustainable development across the continent.