African Development Bank
The African Development Bank Group (AfDB) or Banque Africaine de Développement (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).
AfDB headquarters building in Abidjan | |
| Abbreviation | AfDB |
|---|---|
| Formation | September 10, 1964 |
| Type | International organization |
| Legal status | Treaty |
| Purpose | Regional development |
| Headquarters | Abidjan, Ivory Coast |
Membership | 81 countries |
President | Akinwumi Adesina |
Main organ | Board of Executive Directors |
Staff | 1,500 as of 31 December 2016 |
| Website | www |
The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union.
The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
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