African Development Bank (AfDB)

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AFRICAN DEVELOPMENT BANK (AFDB)

The African Development Bank (AfDB) was founded in 1964 with the main objective to promote economic and social development in Africa. Its official headquarters is located in Abidjan, Ivory Coast, but as a consequence of the political situation, the regional development bank occupied a temporary relocation agency in Tunis, Tunisia from 2003 to 2014. Some central functions still remain in Tunis.

AfDB only consisted of African countries in the beginning, but since 1982 it also includes non-African countries. AfDB is today owned together by 77 member countries, of which Sweden is one of 24 non-African countries.

The objective for AfDB is to become Africa’s leading development financier and they are funding projects in most sectors, such as infrastructure, telecommunications, agriculture, environment and climate changes, healthcare as well as education.

Business Sweden has identified several opportunities for Swedish companies within infrastructure, transport and energy, which are often the focus for AfDB’s projects. During 2013-2015, more than 50% of the projects funded by AfDB’s were related to infrastructure. Designated development support will further be administrated to environment and climate change, agriculture and regional integration.

Business Sweden has valuable contact with AfDB and is continuously working on updating and identifying projects interesting for Swedish companies.

You are welcome to contact our office in Nairobi or Casablanca to discuss the opportunities for your company in projects funded by AfDB.

Read more about AfDB on: www.afdb.org