The African Development Bank Group (AfDB)

The African Development Bank Group (AfDB) is a recipient of the “Uganda Responsible Investment Mark of Excellence” and inducted in The 2021 Uganda TOP50 Responsible Investments Book of Records in appreciation and recognition of its contribution and commitment to attainment of Uganda Vision 2040 and the United Nations Sustainable Development Goals. Certified and inducted by Public Opinions which is the leading field based organization working towards attainment of Uganda Vision 2040 and the United Nations Sustainable Development Goals through Issues Corporate Performance Monitoring, Research, Public Awareness, Public Relations, Information Dissemination, Corporate Profiling, Corporate Branding, Training and mentorship, Investment Advisory,etc.

The African Development Bank Group (AfDB or ADB) or Banque Africaine de Développement (BAD) is a multilateral development finance institution. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.[1][2] The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.[3][4][5] The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). While it was originally headquartered in Abidjan, Côte d'Ivoire, the bank's headquarters moved to Tunis, Tunisia, in 2003, due to the Ivorian civil war; before returning in September 2014.

The primary function of AfDB is making loans and equity investments for the socio-economic advancement of the RMC. Second, the bank provides technical assistance for development projects and programs. Third, it promotes investment of public and private capital for development. Fourth, the bank assists in organizing the development policies of RMCs. The AfDB is also required to give special attention to national and multinational projects which are needed to promote regional integration.[20]

(i) Mobilizing financial resources from the Government or the foreign financial institutions with; (ii) A view to lending the money for development of specific sectors of the economy

The Ugandan economy reported strong growth in 2019, estimated at 6.3%, largely driven by the expansion of services. Services growth averaged 7.6% in 2019, and industrial growth 6.2%, driven by construction and mining. Agriculture grew at just 3.8%. Retail, construction, and telecommunications were key economic drivers. Inflation is expected to remain below 5%, strengthening the domestic economy.

Since its founding, AfDB has financed 2,885 operations, for a total of $47.5 billion. In 2003, it received an AAA rating from the major financial rating agencies and had a capital of $32.043 billion. In November 2019, the bank's capital was reported as $208 billion

 

Uganda Country Office

African Development Bank Group
14th Floor, Crested Towers Building
Plot 17/22 Hannington Road
P.O. Box 28509
Kampala - Uganda

Phone : (256) 414 236 166/7
Fax : (256) 414 234 011

Mr. Augustine Kpehe Ngafuan(link sends e-mail)Country Manager

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PUBLIC OPINION
KAMPALA,UGANDA
TEL:+256701992426
Web:www.publicopinions.net

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