ABOUT THE AfDB

Established to help development efforts on the continent, the African Development Bank (AfDB) Group comprises three distinct entities under one management:

-The African Development Bank (ADB) which is the flagship or parent institution, established on August 4, 1963 in Khartoum, Sudan, by the then 23 newly independent African countries.

-The African Development Fund (ADF), established on November 29, 1972, by the African Development Bank and 13 non-African countries.

-The Nigeria Trust Fund (NTF), set up in 1976 by the Federal Government of Nigeria.

MISSION & OBJECTIVE

The overarching objective of AfDB is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.

ANNUAL MEETINGS

The annual Assemblies are defined as a schedule for an including growth in Africa, a question which settles today as ever previously emphatically and which acquires a priority dimension.

Mr. DONALD KABERUKA, PRESIDENT OF THE AfDB

Mr. Donald Kaberuka is the seventh elected African Development Bank Group (AfDB) President. He took the oath of office on September 1, 2005, in a ceremony at the institution's Temporary Relocation Agency in Tunis. He was born in Rwanda and educated in Tanzania and the United Kingdom where he obtained his M Phil (Econ) and a PhD in Economics from the University of Glasgow in Scotland. He speaks English, French and Swahili fluently.