African Development Bank Group: At the centre of Africa's transformation

THE AFRICAN DEVELOPMENT BANK GROUP At the centre of Africa’s transformation

African Development Bank Group At the centre of Africa’s transformation

The African Development Bank Group is a multilateral development finance institution. It was established in 1964 to fight poverty and promote sustainable economic growth and social progress in Africa.

By the end of 2017 it had cumulatively made some US$ 145.55 billion approvals for 5,528 investments. In 2017, the Bank approved 249 operations worth US$ 8.83 billion and disbursed US$7.67 billion, the highest disbursement recorded by the Bank in a year.

The Group has three component parts: the African Development Bank, set up in 1964; the African Development Fund ( set up in 1972); and the Nigeria Trust Fund ( set up in 1976). Though legally and financially separate, they have a common goal.

Cumulative Bank Group operations, 1967-2017 Special Funds

3.96%

The African Development Bank is the keystone of the Group. It is rated AAA by all the major credit agencies.

ADF 34.8% AfDB 60.8%

60% of its shares are held by African countries, and 40% by non-African countries.

NTF 0.46%

Authorized capital Subscribed capital Callable capital

US$ 95.39 billion US$ 93.28 billion US$ 86.19 billion

Paid-up capital US$ 7.09 billion Reserves US$ 4.24 billion

(African Development Bank, 31/12/2017)

The Bank Group’s total approvals 2015-2017 (USD billion) 10.80 8.78

8.82 8.52

6.26

1.81

2015

6.41

1.70

2016 Bank Group

1.37 2017

AfDB

ADF

Bank Group operations by financing instrument, 2017 (USD billion)

Growth in Africa The Bank seeks to promote strong, shared and sustainable growth in Africa. Its 2013-2022 Strategy (‘At the centre of Africa’s Transformation’) sets out two primary objectives. These are to promote inclusive growth in Africa (across age, gender and geography, in rural as well as urban communities, and especially in states experiencing fragility) and to promote the gradual transition to ‘green growth’ (building resilience to climate change, better managing natural resources, and building sustainable infrastructure).

The Bank’s Strategy: 2013-2022

Two objectives to support transformation

Inclusive growth

Gradual transition to green growth

Three areas of special emphasis

Five core operational priorities Infrastructure development Regional integration Private sector development Governance & accountability Skills & technology

Fragile states

Agriculture & food security

Gender equality

From September 2015, President Adesina set out five Bank Group priorities aligned with and building on the 2013-2022 Strategy. These are: Lighting up and powering Africa; Feeding Africa; Industrialising Africa; Integrating Africa; and Improving the quality of life for the people of Africa.

Bank Group approvals The Bank primarily makes loans and grants for large-scale projects.

Since 1983, it has also been financing other operations, including structural adjustment loans, support for policy-based reforms, and various types of technical assistance and policy advice.

Bank Group approvals by High 5s, 2017 Light Up and Power Africa-UA 1.23 billion or US$ 1.77 billion (20%)

Feed Africa-UA 849.6 million or US$ 1.22 billion (13.7%) Improve the quality of life for the people of Africa UA 2.83 billion or US$ 4.06 billion (47.5%)

Industrialize Africa-UA 855.4 million or US$ 1.23 billion (13.8%)

Integrate Africa-UA 431.5 million or US$ 619 million (7%)

Most sector operations have an impact on more than one High 5 priority areas. The High 5 to improve the Quality of Life for the People of Africa includes social services, water supply and sanitation,and Transport, Urban development, Environment, and Multisector operations.

Sector distribution of Bank Group total approvals, 2017 Communication 1% Multisector 17% Energy Supply 16% Finance 23%

Social 7%

Infrastructure 44%

Transport 16% Water Supply and Sanitation 11%

Agriculture & Rural Development 9%

(USD 10.8 billion)

Bank Group member countries The Bank has 80 member countries – 54 from Africa and 26 from outside Africa. Its highest body is the Board of Governors, who are normally ministers of finance economy, or central bank governors. They come together once a year at the Bank’s Annual Meetings. The Governors devolve responsibility for overseeing the Bank’s dayto-day operations to the Board of Directors, which is resident at the Bank’s Headquarters.

Akinwumi Ayodeji ADESINA, the Bank’s 8th President (from 2015)

The President, appointed for a maximum of two 5-year terms, reports to the Board of Governors, and chairs the Board of Directors. He is supported by a team of Vice-Presidents. At the end of December 2017, the Bank employed some 1 744 people.

Regional member countries 1 2 3 4 5 6 7 8 9 10 11 12 13

Algeria Angola Benin Botswana Burkina Faso Burundi Cameroon Cabo Verde Central African Republic Chad Comoros Congo Côte d'Ivoire

14 DR Congo 15 16 17 18 19

09/64 06/80 09/64 03/72 09/64 10/68 09/64 04/76 08/70 08/68 05/76 09/64 09/64 09/64

Non-regional member countries

29 Madagascar

05/76

1

Argentina

07/85

30 Malawi

07/66

2

Austria

03/83

31 Mali

09/64

3

Belgium

03/83

32 Mauritania

09/64

4

Brazil

03/83

33 Mauritius

01/74

5

Canada

12/82

34 Morocco

09/64

6

China

05/85

35 Mozambique 06/76

7

Denmark

12/82

36 Namibia

05/91

8

Finland

12/82

37 Niger

09/64

9

France

12/82

38 Nigeria

09/64

10 Germany

03/83

39 Rwanda

01/65

11 India

12/83

40 Sao Tome & Principe

04/77

12 Italy

12/82

13 Japan

02/83

41 Senegal

09/64

14 Kuwait

12/82

42 Seychelles

04/77

15 Luxembourg

05/14

43 Sierra Leone 09/64

16 Netherlands

01/83

44 Somalia

10/64

17 Norway

12/82

45 South Africa

12/95

18 Portugal

12/82

19 Saudi Arabia

12/83

20 South Korea

12/82

21 Spain

03/84

22 Sweden

12/82

23 Switzerland

12/82

24 Turkey

10/13

Djibouti Egypt Eritrea Ethiopia Gabon

05/78 09/64 05/94 09/64 09/72

20 Gambia

07/73

46 South Sudan 09/13

21 Ghana 22 Guinea 23 Guinea Bissau Equatorial 24 Guinea 25 Kenya 26 Lesotho 27 Liberia 28 Libya

09/64 09/64 05/75

47 Sudan

09/64

48 Swaziland

07/71

49 Tanzania

09/64

06/75

50 Togo

09/64

51 Tunisia

10/64

52 Uganda

09/64

53 Zambia

09/66

25 UK

04/83

54 Zimbabwe

06/80

26 USA

02/83

09/64 07/73 09/64 07/72

African Development Bank Group The Bank’s headquarters are in Abidjan, Côte d’Ivoire. It has Country Offices or Liaison Offices in some 37 African countries, and three Regional Development, Integration and Business Delivery Hubs, in Nairobi, Pretoria and Tunisia. In 2012, it opened a representation office for Asia in Tokyo, Japan.

Tunisia Morocco

Mauritania Senegal

Algeria

Mali

Egypt

Sudan

Chad

Burkina Faso

Ethiopia Guinea-Bissau Guinea Benin South Sudan Sierra Leone Nigeria Central African Republic Ghana Liberia Togo Cameroon Côte d’Ivoire Uganda Kenya Congo Gabon Rwanda DR Congo Sao Tome & Principe Burundi Tanzania

Headquarters Country Offices

Angola

Malawi

Zambia Mozambique Mauritius Zimbabwe Madagascar

Regional Hubs Liaison Offices South Africa

AFRICAN DEVELOPMENT BANK GROUP

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9H EDITION © AfDB Group 2018 ÉDITION 1 – JUIN 2014 www.afdb.org Communication and External Relations Department