The African Development Bank Group (French: Banque africaine de développement / Portuguese: Banco Africano de Desenvolvimento) is a development bank established in 1964 with the intention of promoting economic and social development in Africa. The Group comprises the African Development Bank (AfDB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). AfDB provides loans and grants to African governments and private companies inv...
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The African Development Bank Group (French: Banque africaine de développement / Portuguese: Banco Africano de Desenvolvimento) is a development bank established in 1964 with the intention of promoting economic and social development in Africa. The Group comprises the African Development Bank (AfDB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). AfDB provides loans and grants to African governments and private companies investing in the regional member countries (RMC) in Africa. It is owned and funded by member governments, and has a public-interest mandate to reduce poverty and promote sustainable development. Its headquarters is in Abidjan, Côte d'Ivoire.
Following the end of colonial period in Africa, growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment of the Organisation of African Unity (established in 1963, later replaced by the African Union), and for a regional development bank.
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