Nature of Activities:: ::
The African Development Bank (ADB) (also known as Banque Africaine de Developpement) is a major development bank in Africa. It was established in 1963 by the Organisation of African Unity (OAU) with start-up capital of $250 million in order to promote economic and social development. Since then it has grown into a $33 billion, multinational development bank, with 52 African and 24 other shareholders.
ADB is backed by both African members and other overseas principals to provide Africa with greater independence from offshore credit. The ADB finances project and programme investments in member states, with a focus on regional projects. Affiliates of ADB include the African Development Fund (ADF) and the Nigeria Trust Fund.
The ADB is overseen by a Board of Governers which consists of representatives from each member country. It has an Executive Council of nine members and a Board of 18 directors. The board is responsible for the general operation of the bank.
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Organisation Type/Location: |
Embassy in Burkina Faso |
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Nick name/Abbrev.: |
AfDB |
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Previous Name: |
Andrew Kim |
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Business Sector(s): |
Government – Embassies and Consulates |
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Find Related: |
[ News Items | Pages ] |
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has shareholder: |
Del Monte Royal Foods Ltd – Kempton Park, South Africa |
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has member: |
Angola |
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Argentina |
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Australia |
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Belgium |
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Botswana |
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Brazil |
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Cameroon |
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Canada |
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China |
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Congo |
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Corte d’Ivoire |
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Democratic Republic of The Congo |
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Egypt |
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Ethiopia |
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France |
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Gabon |
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Germany |
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Ghana |
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India |
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Italy |
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Japan |
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Kenya |
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Korea (South) |
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Kuwait |
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Lesotho |
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Madagascar |
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Malawi |
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Mauritius |
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Morocco |
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Mozambique |
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Namibia |
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Netherlands |
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has member: |
Runion |
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Saudi Arabia |
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Senegal |
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Seychelles |
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South Africa |
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Swaziland |
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Switzerland |
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Tanzania |
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Tunisia |
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has member: |
Uganda |
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has member: |
Zambia |
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has member: |
Zimbabwe |
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Events Organised: |
View Event List |
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owns: |
Dar es Salaam Water Supply Project |
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owns: |
Road Rehabilitation between Vanduzi and Changara (90%) |
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owns: |
Sugar cane project |
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President: |
Mr D Kaberuka (Donald) |
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Chairperson: |
Ms N Okonjo-Iweala (Ngozi) |
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Vice-President – Corporate Management: |
Mr O Kane (Ousmane) |
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Director – Department Infrastructure & Industry: |
Mr K Apetey (Kouassi) |
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Divisional Chief of Industry: |
Mr Mbaye |
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Director – Private Sector Department: |
Mr R Westling (Rolf) |
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Contact Person: |
Mr E Knapp (Eberhard) |
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