African Development Bank (AfDB) (2024)

FAQs

What are the AfDB High 5 priorities? ›

In his speech, he outlined the five development priorities for the institution. The High 5s are to: Light up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the Quality of Life for the People of Africa.

The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.

The AfDB contributes to improving the daily lives of Africans by providing financial and technical support for projects aimed at increasing agricultural production, investing in the sustainable management of water resources, in energy projects providing access to electricity for as many people as possible, ...

Akinwumi A. Adesina is the 8th elected President of the African Development Bank Group. He was first elected to the position on May 28, 2015 by the Bank's Board of Governors at its Annual Meetings held in Abidjan, Côte d'Ivoire.

Operational priorities

The Strategy outlines five main channels for the Bank to deliver its work and improve the quality of growth in Africa: Infrastructure development. Regional economic integration. Private sector development.

The African Development Bank is a multilateral institution whose objective is to contribute to the sustainable economic development and social progress of the African countries.

Goals of the African Development Bank (ADB)

End poverty in all its forms everywhere. End hunger, achieve food security and improved nutrition and promote sustainable agriculture. Ensure healthy lives and promote well-being for all at all ages.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.

The African Development Bank offers a competitive international remuneration package (salary and benefits), which includes a tax-free salary, full relocation, installation allowance, dependency allowances, education grant/education travel, comprehensive medical insurance coverage, staff retirement plan with generous ...

What service is provided by the African Development Bank? ›

African Development Fund

It provides highly concessional financing, specifically concessional loans and grants to eligible sovereign and sovereign-guaranteed entities, generally in low-income countries.

This is a list of the current 54 African countries sorted by population, which is sorted by normalized demographic projections from the most recently available census or demographic data. Africa is the fastest growing continent, currently increasing by 2.35% per year as of 2021.

Partnership overview. China has been a long-standing Bank partner. It became a member of the African Development Fund (ADF) and African Development Bank in 1985.

The Bank's standard loans are categorized as either Sovereign-Guaranteed Loans (SGLs) or Non-Sovereign-Guaranteed Loans (NSGLs). SGLs are loans made to Regional Member Countries (RMCs) or public sector enterprises from RMCs supported by the full faith and credit of the RMC in whose territory the borrower is domiciled.

Concerns remained about the security, safety, and the protection of the rights, privileges and diplomatic immunities of the Bank's staff and the respect for the Host Country Agreement with the Bank. Consequently, the African Development Bank withdrew all its international staff from Ethiopia.

Under this initiative, the High 5 priority areas of focus in Africa—to light up and power Africa, feed Africa, integrate Africa, industrialize Africa, and improve the quality of life for the people of Africa—form a blueprint for African countries to embark on a course of sustainable transformation.

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.