Established in 1964, the African Development Bank Group is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The African Development Bank (AfDB) Group comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The overarching objective of the Bank is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.
The Bank Group achieves this objective by:
Mobilizing and allocating resources for investment in RMCs; and
Providing policy advice and technical assistance to support development efforts.
The Bank is headquartered in Abidjan, has 5 Business Regional Resource Offices, 30 Country offices, 5 Program Offices and a Liaison Office in Japan.
The Bank has a Ten-Year Strategy (2013 – 2022) and to ensure greater developmental impact has identified five priority areas (High 5s), to scale up delivery: energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.