African development bank. 9% and agriculture, at 32% of GDP, grew 6.

African development bank Adesina, delivered a compelling farewell address to Heads of State and Government at the 38th African Union Summit, highlighting a decade of remarkable achievements by the Bank in driving Africa’s economic transformation. This is higher than projected global OVERVIEW. Despite strong performance in mining, construction, and hospitality, lower manufacturing output and contractions in food production and public administration led to the slowdown. Tight monetary policy and lower local food and アフリカ投資フォーラム2024、アフリカの農業・エネルギー革命における日本の役割を強調. 8%), with good dynamism in the agricultural sector (up 5. 4% in 2021/22, led by 7. On the ground in 41 African countries with an external office… If African countries are to effectively embark on the road to economic prosperity, they must work to improve gender equality and women's economic empowerment. It is one of the key co-financing vehicles of the Bank to fund public and private sector operations Togo Economic Outlook Economic activity remains sluggish, with real GDP growth falling from 5. SEFA 2. 6% in 2022 to 4. 6% in 2023, lower than the 6. AfDB. 17-Dec-2024 Mauritania: African Development Bank grants $150 million loan to Boost mining sector May 26, 2022 · You are here. The predominant financing modalities are loans/grants, mainly The African continent is a minor contributor to global greenhouse gas emissions but is highly vulnerable to the adverse impacts of climate change, which threaten its economic development. 5% in 2023, a moderate recovery from 0. 9% in 2023 due to high inflation and sluggish growth in the global economy, which declined from 3. Inflation moderated slightly from 6. Equatorial Guinea - Master plan for the production, transportation, distribution and development of renewable energy Jun 16, 2023 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. com Feb 2, 2025 · Germany became a member of the African Development Bank (AfDB) Group in 1983. It invests only 4% of its GDP in infrastructure, compared with 14% in China. Inflation edged up to 7. The 37 ADF-eligible countries include those that are increasing their economic capacities and heading […] Sep 12, 2022 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. [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. It aims to mobilize $25 billion, over five years, to accelerate and scale climate adaptation action across the continent. " Adesina emphasized the necessity for a fairer and more equitable global financial architecture and climate finance system, ensuring it benefits the countries that 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. On the demand side, growth was underpinned by domestic consumption The Bank Group’s 2024 Annual Meetings will be held from May 27-31 in Nairobi, Kenya. The main goal of the bank, which was founded in 1964, is to promote economic growth and reduce poverty on the continent by financing development projects and programs. org) highlights its critical contributions to the continent’s development and the wellbeing of its people in 2022. The theme for the meetings, which comprise the 59th Annual Assembly of the African Development Bank and the 50th meeting of the African Development Fund is Africa’s Transformation, African Development Bank Group, and Reform of the Global Financial Architecture. 1 The African Development Bank Group Established in 1964 and headquartered in Côte d’Ivoire, the African Development Bank Group’s mandate is to spur sustainable economic development and social progress in its Regional Member Countries (RMCs), thus contributing to poverty reduction and improving lives on the African continent. This is the objective of the African Development Report. Welcome to the African Development Bank Coding for Employment platform. When registrations closed on 31 January at 5pm Abidjan time, only five candidates had joined the race to head the African Development Bank (AfDB), according to our sources. 2% in 2022 to 5. The Agreement also requires that particular attention be paid to the efficiency of procurement processes for projects financed by the 19 hours ago · South Africa Bajabulile Swazi Tshabalala's AfDB presidency campaign under the radar. On the ground in 41 African countries with an external office… Mar 18, 2025 · Explore African Development Bank funded activities. 03 billion in December 2022. 3% in 2022, owing to weak global demand and contraction in agriculture. Learn about the vision, mission, and strategic objectives of the Bank Group for 2024-2033. 9% in 2022 to 14. 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. 7% in 2023 from 7. Equatorial Guinea - Master plan for the production, transportation, distribution and development of renewable energy Building on a successful replenishment of the African Development Fund in 2022, the Bank remains committed to pursuing efforts to scale up financing that will strengthen and support Africa’s achievement of its development priorities and the Sustainable Development Goals(SDGs). 2% in 2023, driven by the hydrocarbon sector, industry, construction, and services. The Bank Group aims to promote inclusive green growth and drive prosperous and resilient economies in Africa through its High 5 operational priorities. Jan 23, 2025 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. rebelgroup. 9% growth in the services sector, which accounts for 40% of GDP. Depending on the Bank’s needs Over the years, the African Development Bank has continued to pursue its institutional reforms aimed at maximizing its development effectiveness and the quality of its operations, supporting efforts by its regional member countries and building their capacity to strengthen their economies. 8% in 2022 to 27. China became a member of the African Development Fund and African Development Bank in 1985. 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。 Dec 14, 2021 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. The AAAP was endorsed at the Leaders' Dialogue on the Africa Covid-Climate Emergency in April 2021 The African Development Bank (AfDB) was founded in 1964 with a mission to advance economic development and social progress in Africa. Monetary policy remained accommodative despite the central bank’s decision in April 2023 to increase reserve requirements and The objective was to reduce imports, then estimated at an average of 60,000 tonnes of meat and 40,000 tonnes of milk annually. 9% and agriculture, at 32% of GDP, grew 6. The Bank has made significant contributions to infrastructure development in Africa, and tens of millions of Africans are now better off thanks to Bank investments in Mar 17, 2025 · AfDB - African Development Bank Updated: 2025-03-01T03:05:06Z. The AfDB provides grants to African governments and invests in private companies operating in Africa. 4 percent in 2026, but also highlights challenges such as inflation, debt, and conflicts. In 2023, as the country recovered from the 2022 recession, GDP grew 12. 4 million (USD 6. Ghana Economic Outlook Ghana’s real GDP growth decelerated from 3. 6% in 2022, driven by core inflation (32% of the change), fuel 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. History; Mission & Strategy; Frequently asked questions; Overview; Jobs Oct 4, 2023 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. Click on the word High. Its membership includes 53 African states and 24 non-African countries. 2%), driven by weak agricultural production and the 38. After a decade of strong economic performance, countries across Africa have shown great resilience. Chief Trade Finance Operations Officer, Trade Finance Division (PIFD3) , Abidjan, Côte d'Ivoire Jun 11, 2024 · ABIDJAN, Ivory Coast, June 11, 2024/APO Group/ -- The African Development Bank Group (www. 3% in 2023, driven mainly by The African Development Bank (AfDB) was established in 1964 with the goal of reducing poverty and promoting economic and social development in Africa. 1% in 2022/23, up from 6. Bridging the infrastructure gap could increase GDP growth by an estimated 2 percentage points a year. Overall, real gross domestic product (GDP) growth for the continent is expected to average 3. May 25, 2023 · 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. Adesina President and Chairman, Boards of Directors The African Development Bank Group - Annual Meetings, African Development Bank Group - Nairobi, Kenya 29 May 2024 28-May-2024 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 African Republic Chad Congo Democratic The African Development Bank (ADB), established in 1964, plays a crucial role in fostering economic and social progress across Africa. 0% at the end of 2022 and 10. On the ground in 41 African countries with an external office… What is the African Development Bank Group? 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). It defines fragility as a condition where the exposure to internal or external pressures exceeds Mozambique Economic Outlook Real GDP grew by an estimated 5. When? May 26-30, 2025 Apr 27, 2023 · This Strategy sets out the African Development Bank Group’s approach to addressing fragility by building more resilient institutions, economies, and societies in all its Regional Member Countries. Annual Report 2021 Namibia Economic Outlook The Namibian economy grew an estimated 4. Mr. Although inflation remained high, due to money The African Development Bank's loan to SNIM will facilitate the acquisition of up to 36 locomotives and 1,743 wagons to transport iron production to the Nouadhibou ore port. 5% May 27, 2024 · High Level Presidential Dialogue : “Africa’s Transformation, the African Development Bank Group, and the Reform of the Global Financial Architecture” TSAVO HALL 12:00pm - 12:45pm Dec 6, 2024 · 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. Our nations, our economies, and our people continue to show remarkable fortitude since the outbreak of the COVID 19 pandemic, rising inflationary pressures, the increasing impacts of climate change, escalating regional conflicts, and Congo Economic Outlook The economic recovery strengthened in 2023, with growth of 3. Mar 6, 2025 · Opening ceremony of the CAP Emploi workshop. 68 Million for Youth Employment and Entrepreneurship in Côte d’Ivoire. Official announcements from the institution are not expected before 21 February. Growth was led by industry on the supply side and by private consumption on the demand side. • the African Development Bank Group’s Vision for Sustainable Development, which sets out the Bank Group’s approach and aspirations regarding E&S sustainability; • the African Development Bank Group’s Environmental and Social Policy, which sets out the Bank’s commitments and the relevant principles and requirements that the Bank must May 22, 2024 · As the African Development Bank Group (the Bank) announces its Ten-Year Strategy 2024-2033, Africa and the world face deep challenges. On the ground in 41 African countries with an external office… Mamoun Beheiry (Sudan), first president of the African Development Bank Khartoum, Sudan, September 1964. But the continent must deal with a set of interlocking crises – some global, others originating within the continent – that threaten to undermine its hard Opening Speech by Dr. They represent twenty-five of the continent's governments. Despite restrictive monetary policy, inflation rose from 7. 6%, thanks to sustained oil production made possible by the improved security situation. Nov 6, 2023 · The African Development Bank finances private and public projects that promote economic and social progress. From left to right: Malinne Bloomberg, Country Manager and Deputy Director General for North Africa, African Development Bank; Mohammed Gueye, Division Manager, African Development Bank; Tarek Bouhlel, Director General for African Cooperation, Ministry of Economy and Planning (MEP); and Hatem Dahman, Director General, National Agency for Employment Mar 18, 2025 · Explore African Development Bank funded activities. The AfDB Group is Africa’s premier development finance [row] [column md="12"] Algeria Economic Outlook Economic growth rate accelerated from 3. [row] [column md="12"] Burundi Economic Outlook Real GDP grew 2. Industry, at 28% of GDP, grew 6. 8% in 2022 to 5. Consumer Nov 21, 2024 · The Government of Côte d'Ivoire and the African Development Bank signed a memorandum of understanding (MOU) on Wednesday, 20 November 2024, to host The Road to the 2025 Annual Meetings Sectors 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. Khlaif is the former Head of Financial Intermediation and Inclusion at the African Development Bank (AfDB), which role covered commercial banks, insurance, leasing, regional development financial institutions, equity investments, and financial inclusion, including digital payment system throughout the African continent. Jan 24, 2025 · A Legacy of Impact: Sixty Years of the African Development Bank. Ethiopia Economic Outlook Ethiopia’s economy grew 7. To finance operations funded out of the ADB window, in addition to paid-in capital and self Fourth, strengthen the Africa Investment Forum, to continue to play a significant and strategic role as a marketplace for investors, and supporting its financial sustainability, either within the Bank or placement outside of the Bank. , There are now thousands of dairies and dozens of small abattoirs that are operational in Benin due to support from the African Development Fund. In addition, the Bank allows devolution of procurement roles to the Field Offices. Falling real incomes due to elevated inflation, monetary tightening, and foreign currency shortages reduced both corporate and consumer demand. 8% in 2022, driven mainly by industry (up 4. She served as an Advisor to the Board of Executives of the African Development Bank and Inter-American Development Bank between 2012-2016. 5% in 2023, driven largely by growth in mining and construction on the supply side and public spending on the demand side. アフリカ開発銀行（afdb）のアデシナ総裁は、アフリカ投資フォーラム（aif）2024マーケット・デイズの本会議において、アフリカにおける農業とエネルギーのポテンシャル、また、日本とアフリカの連携 AfDB and Senegal La Banque africaine de développement et le Sénégal ont une longue histoire de coopération, qui remonte à 1972. 3% in 2023, driven by lower food prices and subsidies on fuel and Dr. Most of the Bank’s procurement is conducted by the Corporate Procurement Division. 1% in 2022 to 5. 7% in 2022. 25-Feb-2025 Bank Group Action Plan for Anti-Money 15-Feb-2025 Strategic Framework on Key Actions to Achieve Inclusive Growth and Sustainable Development in Africa . 8% in 2023, reaching ZWL6,104 Feb 16, 2024 · 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 Friday. 8% in 2022, as agriculture rebounded, and services grew moderately. Home. The African Development Fund, the African Development Bank Group’s concessional window, positioned itself as a key player in this reform. 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). 8% in 2022 to 2. Throughout my nearly 10-year tenure, I’ve focused on accelerating development. 9% in 2022 and 2023. The theme of this year’s event, held from 27 – 31 May, was "Africa’s Transformation, the African Development Bank Group, and the Reform of the Global Financial Architecture. 0% in 2023, up from 4. 3% in 2023, up from 4. Click on the word Extreme. 6 percentage points). Established in 1972, it became operational in 1974. Learn about the history, mission, and entities of the AfDB, a multilateral development finance institution for African countries. Mar 6, 2025 · African Development Bank (ADB), African organization established in 1964, operational beginning in 1966, and dedicated to financing the economic and social development of its African member countries. We’ve evolved into a Bank that provides solutions to Africa’s development challenges. The African Development Fund (ADF) contributes to poverty reduction and economic and social development in the least developed African countries by providing concessional funding for projects and programs, as well as technical assistance for studies and capacity-building activities. 3% in 2023—within Bank of Botswana’s 3%–6% acceptable range—reflecting downward domestic fuel price adjustments and lower Zimbabwe Economic Outlook Real GDP growth moderated from 6. On the ground in 41 African countries with an external office… Feb 4, 2025 · A woman and four men. The Flemish Region contributed €2 million to the African Climate Change Facility (ACCF) in 2017 Message from the President In 2023, despite the global challenges that tested the resilience of economies worldwide, the African continent stood strong. Fifth, the African Development Bank plans to scale up its financing to the private sector by tripling non 3 days ago · 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 membres de l'institution dans la région. 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. The Hub particularly focuses on three key support areas: 1. Our network of leading experts Feb 14, 2025 · 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 Bank on Friday. La répartition 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). Demand-side drivers of growth included private consumption and investment. 5% in 2023, due to rising Tanzania Economic Outlook Real GDP grew 5. On the demand side, growth remained driven by private consumption and Mar 6, 2016 · The African Development Bank (AfDB), headquartered in Côte d’Ivoire, is an international entity established in Africa during the 1960s with the objective of supporting the economic development and social progress of countries in Africa by promoting investment of public and private capital in projects and programmes that aim to reduce poverty and improve living conditions. 8% in 2023. South Africa's Bajabulile Swazi Tshabalala is still hoping to chair the African Development Bank, despite her country's official support for her Zambian rival, economist Samuel Munzele Maimbo. Tight fiscal policy contributed to slower economic growth, despite large investments in oil and gas. -US$ 26 million committed to the Sustainable Energy Fund for Dec 24, 2024 · In a show of support, his government pledged $2 million to the upcoming replenishment of the African Development Fund, the concessional arm of the African Development Bank Group. Also read: AfDB Approves €139. 3%, also supporting growth. Established in 1964, the African Development Bank (“ADB” or “the Bank”) is the Bank Group’s largest institution. 7%), especially food crops. It has 82 member countries: 54 are regional and 28 are non-regional. France supports several key initiatives of the Bank, such as the African Legal Support Facility (USD 5 million), the African Water Facility (EUR 22 million), and the Making Finance Work for Africa Secretariat (EUR 0. 9% in 2023 as demand for Namibian diamonds slowed. 9% in 2022. Inflation fell from 7. 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, NGOs, civil society, and private sector leaders, fostering dialogue on economic growth, investment, and sustainable development. Analysis of the key sectors - agriculture, trade, industry, energy, finance, water, sanitation and hygiene, and the social sectors - shows that women and girls face several constraints that prevent them from actively participating and published by the African Development Bank with the Africa Union Commission, shows that African countries are on average becoming more open to each other. The African Development Bank mission, led by Marie-Laure Akin-Ougbade, vice president for Regional Development, Integration and Service Delivery (2nd from left), and Kevin Kariuki, vice president for Power, Energy, Climate and Green Growth, held discussions with Guinea’s Prime Minister Amadou Oury Bah (3rd from left). Inflationary pressures persist, with inflation at 11. Oct 10, 2019 · The African Development Bank (AfDB) Group is one of the largest development institutions on the African continent, providing both financial support and technical advice to its 55-member countries. Its shareholding is constituted by both African countries (RMCs) and non-African countries (Non-Regional Member Countries). The program comprises four transformative pillars: Food Security: This pillar seeks Feb 18, 2024 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. Find out its shareholders, capital, approvals, and special funds for various sectors and regions. These SDRs should also be used to direct financing to Africa, through the African Development Bank – a prescribed holder of SDRs – to on-lend to African public development banks, to support green, climate-resilient and inclusive recovery, and the stabilization of the economies. Cyclone Freddy reduced agricultural output and disabled a third of the country’s power generation, slowing industrial activity. 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. The United States through USAID has participated in various Bank initiatives/Funds: -US$ 120 million to the African Emergency Food Production Facility (AEFPF) and the Africa Risk Capacity (ARC). 6% in 2022 to an estimated 5. Growth was driven by services and agriculture on the supply side and by consumption and investment on the demand side. org) 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. On the ground in 41 African countries with an external office… Entrepreneurship Innovations & Advice - North Africa Initiative: European Union and African Development Bank Cooperation: Emergency Liquidity Facility Liberia Economic Outlook GDP growth is estimated to have declined from 4. The agreement establishing the African Development Bank was signed by the member states on August 4, 1963, in [row][column md="12"] Botswana Economic Outlook Real GDP growth shrank to 2. 2% in 2023, down from 5. Headline inflation increased from 13. Inflation worsened from 31. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent are projected to experience stronger growth rates in 2024 than they did in 2023. On the ground in 41 African countries with an external office… Sep 12, 2023 · 1. Click on opera mini icon . 5% in 2022 to 40. 0% in 2023, due mainly to drought and floods that affected agricultural output and to higher costs of fuel and food imports. Africa Growing Together Fund (AGTF) China and the Bank Group established the Africa Growing Together Fund (AGTF), which became operational in November 2014, with an envelope of USD 2 billion for 10 years. 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. The Bank has also consolidated its role as the continent's premier development finance institution, a Dec 11, 2024 · The African Development Bank Group’s Core Functions. On the ground in 41 African countries with an external office… 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 and social development. The Annual Development Effectiveness Review published yearly since 2011, assesses the Bank's support to the sustainable development of African countries. Germany, through the Federal Ministry for Economic Cooperation and Development (BMZ) and other bilateral institutions, has participated in various Bank initiatives/funds: i. Subscribe to any of our feeds to receive automatic updates when new content is published. 2% in 2024 and 2025, respectively. The report unveiled at the Bank’s Annual Meetings on Thursday in Nairobi, described Africa’s growth Sep 15, 2020 · African Development Bank Immeuble CCIA - Rue Jean Paul II Plateau 01 BP 1387 Abidjan 01 - Côte D’Ivoire Designing the African Development Bank’s PPP Framework Whitepaper for Discussion Content support provided by RebelGroup International bv Wijnhaven 23 3011 WH Rotterdam The Netherlands +31 10 275 59 95 www. That is what drives us to seek motivated individuals who share this commitment to poverty reduction. Malawi Economic Outlook Real GDP growth is estimated at 1. 1 percent in 2025 and 4. The AfDB has a distinct role that no other bilateral or multilateral development partner can match in generating relevant data and knowledge products Africa still has massive infrastructure needs. Kenya Economic Outlook Kenya’s economy grew 5. 32 billion up from USD 1. 1% in 2023, due mainly to higher food prices (up 37. Akinwumi A. It is headquartered in Abidjan, Côte d’Ivoire, and has 81 member countries – 54 from the African continent and the other 27 from other regions around the world. After years of economic growth, occurring not just in a few, but in the majority of African countries, time has come to evaluate the sources of such growth, its sustainability and the extent to which it has fuelled poverty reduction and wellbeing across the continent. The declines reflected drought conditions and weak global diamond demand. 3% in 2022 to 3. The United Kingdom (UK)’s contributed GBP 500,000 (USD 705,566) to the African Legal Support Facility (ALSF) and GBP 4. 6% in 2022 to 10. Jan 6, 2025 · In 2024, Independent Development Evaluation (IDEV) continued to play a pivotal role within the African Development Bank (AfDB or “the Bank”) by providing essential insights and actionable recommendations that shaped the Bank’s strategic and operational decision-making. 8% in 2022 to 24. Learn about the history, structure, and goals of the AfDB, a multilateral development bank for Africa. This was driven by the strong performance of the oil sector (up 1. The AfDB provides loans, grants, and expertise to support economic and social development projects in the region. Search form About Us. Average inflation fell to 5. 2% in 2023, up from 4. The overall financial performance of the African Development Bank Group improved in 2023 with significant increase in revenue across all its three entities. The African Development Fund (ADF) is the concessional window of the African Development Bank (AfDB) Group. On the ground in 41 African countries with an external office… May 30, 2024 · African economies remain resilient, despite challenges that are testing economies worldwide. 3% in 2023, reflecting the pass through effects of the high cost of imported goods and low The African Development Bank Group Strong credit rating Founded in 1964 Constituent Institutions - The African Development Bank (AfDB) - The African Development Fund (ADF) - The Nigeria Trust Fund (NTF) Headquartered in Abidjan, Côte d’Ivoire Mission to spur sustainable economic development and social progress in Feb 1, 2024 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). The nominal exchange rate depreciated by 89. The Bank shares the commitments made by African countries to Feb 17, 2025 · African Development Bank Group President Dr. In pursuing this resolve, the Bank has focused on projects spanning reliable electric power, clean drinking water, healthcare, education, transport and Feb 2, 2025 · France joined the African Development Fund (ADF) in 1977 and the African Development Bank Group in 1983. 2% in 2022 and 2023, buoyed by expansion in industry and services on the supply side and public sector expenditures on the demand side. Go back and refresh the page Jan 21, 2025 · Zambia Economic Outlook Real GDP has grown steadily, from 5. Oct 25, 2024 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. The African Development Bank’s revenue rose to USD 2. Yet, the continent also has enormous opportunities to build resilience to climate change as well as transition towards low-carbon development. It has also supported the Migration and Development Fund (EUR 6 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. 4%) thanks to higher oil prices, as well as the nonoil sector (up 2. 2% in 2022) due to rising food prices. 3% versus 9. On the ground in 41 African countries with an external office… Nov 27, 2023 · AFAWA Bank of the Year that created “SupaWoman” financial service says when women are given opportunity for financial inclusion, they can do miracles 27-Jun-2024 Gender in Focus: Affirmative Finance Action for Women in Africa-funded training gives women entrepreneurs tools and confidence to grow Annual Report The Bank Group Annual Report 2023 is the annual report submitted by the Boards of Directors of the African Development Bank (Bank) and the African Development Fund (Fund) to the Boards of Governors of the Bank and the Fund. 1 percent AfDB的重点发展优先领域 “五优” 非洲开发银行（AfDB）已经推出了一项具有里程碑意义的计划（下称“五优”），以加快非洲在未来10年以及在非洲开发银行十年战略范围内的发展。 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 prosperity. ADB headquarters are in Abidjan, Côte d’Ivoire. The Walloon Region has announced a contribution to the Multi-donor fund for urban development and municipalities in Africa, the creation of which was approved in February 2019 by the Board of Directors. Since it was launched in 2018, the Africa Investment Forum has mobilised nearly $180 billion in investment interest. 8% and 4. The report, unveiled on the sidelines of the 38th Ordinary Session of the African Union Assembly in Addis Ababa, projects real GDP growth to accelerate to 4. Wadagni announced the donation during the opening session of the Mid-Term Review of the Fund's 16th Replenishment in October. 0 Special Fund: BMZ pledged a total of €190 million [€40 million in Jan 2023, €100 million in June 2021 and €50 million in African Development Bank, Projects, Gender Poverty and Environmental Indicators on African Countries, 2000 - 2017, Selected Macroeconomic Indicators on African Countries, 2017, Expenditue approach: GDP at constant price 2010 (Local Currency), Expenditure approach: GDP (annual % growth), Expenditure approach: GDP at constant price 2010 (US$), Nov 28, 2024 · The African Development Bank (AfDB) is a vital institution that plays an important role in Africa’s economic development. 5 million). Tight monetary policy, together with moderation in food and energy prices, helped reduce inflation from 4. 9%, up from 1. A group of African men meet in Khartoum, Sudan, to ratify the multinational agreement establishing the African Development Bank. Feb 19, 2023 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. 8% in 2023, up from 1. 3% registered in 2022. Zimbabwe has a multicurrency monetary system, with the Zimbabwe dollar (ZWL) and the US dollar ($) as dominant currencies. The AfDB Group is made up of: · A parent institution: the African Development Bank (AfDB). Core infrastructure such as highways and water systems are a priority. 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. Inflation rose from 18. Who? African Development Bank, African Development Fund. Oct 20, 2022 · African Development Bank Group (AfDB) The African Development Bank Group is Africa’s premier development finance institution. Inflation Rwanda Economic Outlook Real GDP growth stabilized at 8. com www. While it is a smaller development bank, the AfDB is increasingly taking a leadership role in initiatives to promote infrastructure financing The African Development Bank (AfDB) provides access to information on all of its lending projects from 1967 up to now. Belgium joined the African Development Fund in 1974 and the African Development Bank in 1983. Feb 17, 2025 · The report projects real GDP growth to accelerate to 4. 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. Marking its 60th anniversary in 2024, the African Development Bank Group celebrated a legacy of mobilising $184 billion for 6,575 projects across Africa. The extractive and service sectors were the main drivers of growth on the supply side, while private consumption drove growth on the demand side. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). 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%. 3 days ago · The African Development Bank 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 Regional Member Countries. That’s what sets us apart. 7% in 2022, driven by agriculture, construction, and manufacturing on the supply side and private investments on the demand side. Uganda Economic Outlook Uganda’s economy expanded 4. The African Development Bank provides various RSS feeds to help you stay informed about our activities, opportunities, and initiatives. 3% in 2022 to 2. Administered by the African Development Bank, it comprises, to date, 32 contributing countries and benefits 37 countries. Au 31 décembre 2022, la Banque a approuvé un montant total de plus de 3,3 milliards d’unités de compte, soit l’équivalent de 4,403 milliards de dollars américains (2 719 milliards de francs CFA) pour le financement de 135 opérations. The United States of America became a member of the African Development Fund (ADF) in 1976 and of the African Development Bank in 1983. Her career comprises of 31 years in PBC as a central banker working on financial supervision and international financial cooperation. Dec 5, 2024 · The African Development Bank (AfDB) Group is a multilateral development finance institution whose objective is to contribute to the sustainable economic development and social progress of the 54 Jan 14, 2025 · We are also taking the lead on initiatives like Mission 300, developed with the World Bank, aiming to connect 300 million people to electricity. 2 million) to the Africa Risk Disaster Risk Financing (ADRiFi) programme. Click on Data Savings. (Left) Solomane Koné, the African Development Bank Group’s Acting Director General for Central Africa and Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development and Governor of the Bank for Cameroon. 6% in 2023, driven by developments in agriculture (contributing 1 percentage point to GDP growth), industry (2 percentage points), and services (2. 非洲开发基金（adf） 非洲开发基金（adf）是非洲开发银行（afdb）集团的优惠贷款部门，成立于1972年，自1974年开始运作。 May 25, 2023 · 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 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. 7%) and services (up 2. 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. 7%) on the supply side and by public investment and private consumption on the demand side. As of 31 December 2023, there are 81 ADB shareholders. Inflation remained high (9. 9% in 2023, reflecting spillover effects from Russia’s invasion of Ukraine, tight global financial conditions, and macroeconomic challenges. 5% in 2022 to 3. 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. 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 and sanitation, energy, transport, governance and the social sector (mainly education and health). 2% in 2022, driven mainly by extractive industries as liquefied natural gas processing matured in the Coral South Field. It recommends policy measures to enhance resilience, stability, and diversification in the continent. What? 2025 African Development Bank Group Annual Meetings. 9% at the end of 2023, driven mainly by food, transport costs, and Feb 2, 2025 · The United Kingdom joined the African Development Fund (ADF) in 1973 and became a member of the African Development Bank in 1983. 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. The African Development Bank Group’s operations are centered around five key priorities, often referred to as the “High 5s”: Light up and power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the quality of life for the people of Africa. AfDB’s strategy . 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’. 5% in 2023, led mainly by rising domestic food prices and global fuel prices. GDP per capita growth stabilized at 5. They all share the same mission and the same hope: that this new institution will contribute to Africa Nigeria Economic Outlook Economic growth in Nigeria slowed from 3. 7% in 2023 as water and electricity production declined and the diamond trade slowed. 2% in 2023. 8% in 2022 to 4. The Tanzanian shilling depreciated by 8% in 2023, reflecting 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. qma gnbiu zxypzv dsmjc snxrqmm fnuurk viirtqw ibieutc rxtbzzm gzic wdmhich fyxvipzp qqc ugy guipn