African Development Bank

The African Development Bank is a multilateral development finance institution that provides loans, grants, and technical assistance to support economic and social development in African countries.

African Development Fund: The African Development Bank Group’s concessional financing institution for low-income African countries. It supplies grants and low-interest loans to countries unable to borrow on ordinary terms.
African Continental Free Trade Area: A continental trade agreement that aims to create a single market for goods and services across Africa. The Bank supports trade-related infrastructure and implementation of the agreement.
Kwame Nkrumah: Ghanaian independence leader and the country’s first prime minister and president. He advocated an African development bank during the era of decolonization.
World Bank: An international group of institutions that provides development finance and expertise to countries worldwide. Its global mandate differs from the African Development Bank’s regional focus.
African Development Bank Group: A group comprising the African Development Bank, the African Development Fund, and the Nigeria Trust Fund. The Bank operates within this broader institutional structure.
Trans-African Highway network: A proposed network of transcontinental road corridors linking African capitals and regions. Road links illustrate the Bank’s role in financing regional transport connectivity.
United Nations Economic Commission for Africa: A United Nations regional commission established in 1958 to promote economic and social development in Africa. Its work helped build support for creating a continent-wide development bank.
African Export-Import Bank: A pan-African financial institution that finances and promotes trade within and with Africa. It emphasizes trade finance rather than the Bank’s broad development mandate.
Callable capital: Share capital that member states promise to provide if an institution cannot meet its financial obligations. It supports the Bank’s creditworthiness and ability to borrow in capital markets.
Inga dams: A series of planned and existing hydroelectric projects on the Congo River in the Democratic Republic of the Congo. The proposed Grand Inga project has featured in the Bank’s energy-development agenda.

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