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The African Development Bank Group (AfDB) or Banque Africaine de Développement (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).
The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union.
The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
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.
The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union.
The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
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.