African Development Bank

The African Development Bank (AfDB), founded in 1964 and headquartered in Abidjan, Ivory Coast, is a multilateral development finance institution dedicated to promoting economic and social progress in African countries. It provides a range of financial products, including concessional loans, guarantees, lines of credit, and risk management tools, aimed at supporting development projects and programs. The bank collaborates with national and international development institutions to foster investments from both public and private sectors, focusing on initiatives that reduce poverty and enhance living conditions. The AfDB comprises three entities: the African Development Bank, the African Development Fund, which offers concessional financing to low-income countries, and the Nigeria Trust Fund. Additionally, the institution offers technical assistance to enhance project selection, preparation, and capacity-building efforts across the region.