Ask the Chatbot Games & Quizzes History & Society Science & Tech Biographies Animals & Nature Geography & Travel Arts & Culture ProCon Money Videos
African Development Bank
Table of Contents
Introduction References & Edit History Quick Facts & Related Topics
Images
African Development Bank
African Development Bank
African Development Bank Delegates arrive at the Kenyatta International Convention Centre for the African Development Bank's annual meeting, Nairobi, May 29, 2024.

African Development Bank

verifiedCite
While every effort has been made to follow citation style rules, there may be some discrepancies. Please refer to the appropriate style manual or other sources if you have any questions.
Select Citation Style
Feedback
Corrections? Updates? Omissions? Let us know if you have suggestions to improve this article (requires login).
Thank you for your feedback

Our editors will review what you’ve submitted and determine whether to revise the article.

External Websites
Also known as: AfDB, Banque Africaine de Développement
Written and fact-checked by
The Editors of Encyclopaedia Britannica
Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.
The Editors of Encyclopaedia Britannica
Last Updated: • Article History
Quick Facts
French:
Banque Africaine de Développement
Date:
August 1963 - present
Headquarters:
Abidjan
Areas Of Involvement:
economic growth
See all related content

News •

AfDB to inject Sh8b for construction of Bungoma refferal hospital • June 18, 2025, 11:56 AM ET (The Standard)
New AfDB chief faces big challenges • June 4, 2025, 4:57 AM ET (Deutsche Welle)
Gambia participates in 2025 AfDB Annual Meetings in Abidjan • June 2, 2025, 2:50 AM ET (The Point)
Sidi Ould Tah named African Development Bank president • May 29, 2025, 11:03 PM ET (The Guardian)
African Development Bank elects top economist as president to face funding challenges • May 29, 2025, 11:10 AM ET (ABC News (U.S.))

African Development Bank (AfDB), African organization established in 1964, operational beginning in 1966, and dedicated to financing the economic and social development of its African member countries. Its membership includes 54 African states and more than two dozen non-African countries. AfDB headquarters are in Abidjan, Côte d’Ivoire.

The AfDB group of financing bodies includes the African Development Fund, which grants interest-free loans to impoverished African countries, and the Nigeria Trust Fund. The AfDB has five associated institutions through which public and private capital is channeled: the African Import-Export Bank (Afreximbank), the Africa Reinsurance Corporation (Africa-Re), the Société Internationale Financière pour les Investissements et le Développement en Afrique (SIFIDA), the Association of African Development Finance Institutions (AADFI), and Shelter-Afrique.

The Editors of Encyclopaedia BritannicaThis article was most recently revised and updated by Amy McKenna.