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.

Charles Boamah

Vice President and Chief Financial Officer

Rupali Gupta

Head of Investor Relations

Astrid Manroth

Director

Cheikh B. Mbaye

Chief Investment Officer

Hassatou N'Sele

Treasurer

Mohamed Youba Sokona

Investment Officer - Infrastructure Finance and Public Private Partnership

Ismael Beidari Touré

Chief Investment Officer

Past deals in Sub Saharan Africa

ACWA Power

Post in 2023
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.

Family Bank Ltd

Debt Financing in 2023
Family Bank is a fully-fledged commercial bank since May 2007. The Bank is regulated by the Central Bank of Kenya (CBK) and is a member of the Kenya Deposit Insurance Corporation. The Bank is growing with over 1.7 million customers and a network of 93 branches countrywide. It was the first Bank in Kenya to introduce paperless banking through smart card technology.

SmartAfrica

Grant in 2021
SMART Africa is a bold and innovative commitment from African Heads of State and Government to accelerate sustainable socio-economic development on the continent, ushering Africa into a knowledge economy through affordable access to Broadband and usage of Information and Communications Technologies.

Ecobank

Post in 2021
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, is a banking institution that provides a comprehensive range of retail, corporate, and investment banking services across Africa and internationally. The bank operates through three main segments: Corporate & Investment Banking, Commercial Banking, and Consumer Banking. Its offerings include various account types, personal and asset acquisition loans, mortgages, and payment cards, along with internet and mobile banking services. Additionally, Ecobank provides bancassurance, remittances, foreign exchange, trade finance, and cash management services. The bank serves a diverse clientele, including individuals, multinationals, government agencies, and small to medium-sized enterprises. With a network of 888 branches and over 2,460 ATMs, Ecobank has positioned itself as a key player in the West African banking sector, addressing the needs of a region previously dominated by foreign and state-owned banks.

ACWA Power

Debt Financing in 2021
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.

EthSwitch

Grant in 2021
EthSwitch provides simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals.

Foodlocker

Grant in 2020
Foodlocker Limited operates a platform for foodstuff and grocery items in Africa. It offers baby food, baking, biscuit, cereals, condiments, drinks, fish, fruits, kitchen items, meat, oil, pasta, poultry, processed food, provisions, snacks, staples, sweets, tubers, and vegetables. The company is based in Ibadan, Nigeria.

SA Taxi

Debt Financing in 2020
SA Taxi finances entrepreneurs who operate minibus taxis that may not otherwise have access to credit from traditional banks, contributing to job creation, and enabling and improving the safety of public transport in South Africa. We make a vital contribution to a market sector that has a stimulating effect on the national economy at many different levels.

Farmerline

Grant in 2019
The Farmerline vision is to see an Africa where Agriculture NGO’s are not a functioning force in the market. Farmerline provides paid services that allow farmers to have the information and access they need to employ an entrepreneurial method of farming. Input dealers and traders pay for more efficient communication channels to farmers and farmers pay for information packages and services. In this vision, more food is produce, more food gets to market, and GDP from cash crop export soars.

Eskom Holdings

Debt Financing in 2018
Eskom Holdings SOC Ltd is a key player in the electricity sector of South Africa, generating approximately 95% of the country's electricity and around 45% of the electricity consumed in Africa. The company, founded in 1923 and headquartered in Sandton, operates through various segments including Generation, Transmission, and Distribution. It provides electricity to a diverse range of customers, including industrial, mining, commercial, agricultural, and residential sectors. Eskom utilizes multiple energy sources such as coal, nuclear, wind, hydro, and gas turbines for power generation and also engages in electricity trading with countries in the Southern African Development Community (SADC). The company is involved in constructing additional power infrastructure to meet increasing demand and has a service concession for electricity generation and transmission in Uganda. Beyond its core operations, Eskom engages in finance, insurance, corporate social investment, and coal exports, contributing to its broad business portfolio.

Uganda Development Bank

Debt Financing in 2018
Uganda Development Bank Limited (UDBL) is a public enterprise wholly owned by the Government of Uganda and carrying on business as a Development Finance Institution (DFI).

Development Bank of Nigeria

Venture Round in 2018
Development Bank of Nigeria PLC offers finance and credit to eligible financial intermediaries. The company provides financing, partial credit guarantees, wholesale lending, partial credit risk guarantees, capacity building, and technical assistance to micro, small and medium scale enterprises (MSMEs); and small corporate in Nigeria on a market-conforming and fully financially sustainable basis. The company was founded in 2015 and is headquartered in Abuja, Nigeria.
The Emerging Africa Infrastructure Fund (EAIF) is a public private partnership. It mobilises capital from public and private sources to lend to businesses creating, improving or expanding infrastructure in sub-Saharan Africa. They provide long-term debt on commercial terms to infrastructure projects in Africa, particularly in fragile states where conventional lenders are often averse to the risks involved. The Fund lends to infrastructure projects mainly owned, managed and operated by private sector businesses.

Ecobank

Post in 2016
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, is a banking institution that provides a comprehensive range of retail, corporate, and investment banking services across Africa and internationally. The bank operates through three main segments: Corporate & Investment Banking, Commercial Banking, and Consumer Banking. Its offerings include various account types, personal and asset acquisition loans, mortgages, and payment cards, along with internet and mobile banking services. Additionally, Ecobank provides bancassurance, remittances, foreign exchange, trade finance, and cash management services. The bank serves a diverse clientele, including individuals, multinationals, government agencies, and small to medium-sized enterprises. With a network of 888 branches and over 2,460 ATMs, Ecobank has positioned itself as a key player in the West African banking sector, addressing the needs of a region previously dominated by foreign and state-owned banks.

Eskom Holdings

Debt Financing in 2016
Eskom Holdings SOC Ltd is a key player in the electricity sector of South Africa, generating approximately 95% of the country's electricity and around 45% of the electricity consumed in Africa. The company, founded in 1923 and headquartered in Sandton, operates through various segments including Generation, Transmission, and Distribution. It provides electricity to a diverse range of customers, including industrial, mining, commercial, agricultural, and residential sectors. Eskom utilizes multiple energy sources such as coal, nuclear, wind, hydro, and gas turbines for power generation and also engages in electricity trading with countries in the Southern African Development Community (SADC). The company is involved in constructing additional power infrastructure to meet increasing demand and has a service concession for electricity generation and transmission in Uganda. Beyond its core operations, Eskom engages in finance, insurance, corporate social investment, and coal exports, contributing to its broad business portfolio.

Chase Bank Kenya

Venture Round in 2016
Chase Bank is a commercial bank that offers businesses and individuals with a range of solutions and services. Chase Bank offers their customers with online banking solutions, Mobile2Bank, credit cards, and more. Mobile2Bank is a set of tools that allow businesses to receive money, make payments, manage agency float, and obtain credit facilities from their business bank account. The bank offers a range of cards, including Chase ATM Card, Master Card Reward Credit Card, Visa Gold Credit Card, Chase Prepaid Traveler Card, Airtel Money Card, and Naivas Loyalty Card. Chase Bank was founded in 1996.