September 22, 2014 8:58 PM ET

Diversified Financial Services

Company Overview of African Development Bank

Company Overview

African Development Bank operates as a multilateral development finance institution in Africa. It finances development projects and programs in cooperation with other national or international development institutions; offers technical assistance in the selection, study, and preparation of projects; and promotes investments of public and private capital in projects and programs designed to contribute to the economic and social progress of the regional member states. The company also provides sovereign guaranteed loans for public sector and non-sovereign guaranteed loans for public and private sectors; lines of credit, including for trade finance; agency lines; guarantees, such as partial cre...

01 Boite Postale

Abidjan 01

Cote d’ivoire

7è étage, immeuble crrae umoa plateau

Abidjan,  1387

Ivory Coast

Founded in 1964

Phone:

225 20 20 4822

Fax:

225 20 21 3100

Key Executives for African Development Bank

Vice President of Finance
Chief Operating Officer and Director Office of First Vice President
Chief Operating Officer and First Vice President
General Counsel and Director
Compensation as of Fiscal Year 2014.

African Development Bank Key Developments

African Development Bank Presents at Africa Down Under Conference, Sep-03-2014 12:20 PM

African Development Bank Presents at Africa Down Under Conference, Sep-03-2014 12:20 PM. Venue: Pan Pacific Perth & Novotel Perth Langley, Perth, Western Australia, Australia. Speakers: Sheila Khama, Director of Africa Natural Resources Center.

Africa Development Bank Presents at Latin America-Africa Investment Summit, Aug-12-2014

Africa Development Bank Presents at Latin America-Africa Investment Summit, Aug-12-2014 . Venue: Hyatt Regency Johannesburg, 191 Oxford Road, Rosebank, Johannesburg, South Africa. Speakers: Keith Martin, Risk Mitigation in Africa Private Sector, Neside Tas Anvaripour, Head of Africa 50 Fund, Sheila Khama, Director A frica Natural Resources Center.

African Development Bank to Finance First Renewable Energy Independent Power Producer Project in South Africa

On 23 June 2014, the Board of Directors of African Development Bank approved a senior loan of USD 142 million, including a USD 41.5 million concessional financing from the Clean Technology Fund (CTF), to finance the construction of the 100 MW concentrated solar power (CSP) plant XiNa in South Africa. The Project cost is estimated at USD 908 million (ZAR 9,538 billion equivalent). Senior debt will be financed by the AfDB, and other Development Finance Institutions as well as three South African commercial banks. XiNa is a 100 MW CSP plant using parabolic trough technology and a superheated steam cycle with a storagecapacity of 1,650 MWh (equivalent to approximately 5 hours full load storage), configured to partially cover the South African peak load demand. This facility is located in the Northern Cape Province, South Africa and it shall be interconnected by the Special Purpose Vehicle (SPV) by a 3km transmission line to a nearby existing substation. This project aligns well with both internal and external policies and strategies. From South Africa's perspective, the project supports the Government's energy strategy that emphasizes the diversification of energy sources as set out in the National Integrated Resource Plan (2010 - 2030). XiNa will support the country's ambitious target to reduce its huge dependence on coal fired power plants increase access to clean power, and reduce the peak power generation costs.

Similar Private Companies By Industry

Company Name Region
African Development Bank Middle East/Africa
Advans Cote d'Ivoire Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Fund Raising
November 1, 2013
Africa Renewable Energy Fund
Fund Raising
September 25, 2013
Africa50 Infrastructure Fund
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact African Development Bank, please visit www.afdb.org. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.