The african development bank group afdb or banque africaine de developpement bad is a multilateral development finance institutionthe afdb was founded in 1964 and comprises three entities. The african export import bank afreximbank and the development bank of central african states bdeac have entered into a memorandum of understanding mou to harmonize their efforts in the promotion of trade and regional integration.
German investment and development company deg.
African development bank headquarters. African development bank adb african organization established in 1964 operational beginning in 1966 and dedicated to financing the economic and social development of its african member countries. African export import bank transforming africas trade. Adb headquarters are in.
Headquartered in midrand south africa the bank has a countrywide branch distribution network in addition to digital direct marketing contact centre sales and. The netherlands development company fmo. Its membership includes 53 african states and 24 non african countries.
Sbic africa holdings commercial bank of africa standard chartered bank and barclays bank plc as class b institutional. This report describes the activities of the east african development bank during the year shows the banks financial condition as at 31st december 2007 and includes commitments made during the year. The african development bank group said on friday that two general electric co subsidiaries would be temporarily barred from bidding on power contracts as part of a settlement of misconduct cases.
Benedict oramah president of afreximbank speaking during the signing of the mou at the banks. Eadb annual report 2007 54042 kb. The overarching objective of the african development bank afdb group is to spur sustainable economic development and social progress in its regional member countries rmcs thus contributing to poverty reduction.
The bank was established in abuja nigeria in october 1993 by african governments african private and institutional investors as well as non african financial institutions and private investors for the purpose of financing promoting and expanding intra african and extra african trade. The african development bank in collaboration with the african union commission the united nations economic commission for africa uneca and the africa export import bank afrexim bank is organizing an expert group meeting on the subject of informal cross border trade icbt. The african development bank the african development fund and the nigeria trust fund.
Cairo 8 march 2018. South african based african bank limited is a retail bank that offers financial products and services to residents of south africa. The bank is licensed as a locally controlled bank by the south african reserve bank sarb.
The banks shareholding was subsequently expanded with the joining of multilateral development financiers and commercial banks including the african development bank afdb.