African Financial Institutions for Development

African Partners For Development

The African Union (AU) is a continental body consisting of the 55 member states that make up the countries of the African Continent. The AU is guided by its vision of “An Integrated, Prosperous and Peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena.”

The African Union Collapse

The AfCFTA is the world’s largest free trade area bringing together the 55 countries of the African Union (AU) and eight (8) Regional Economic Communities (RECs). The overall mandate of the AfCFTA is to create a single continental market with a population of about 1.3 billion people and a combined GDP of approximately US$ 3.4 trillion.

The AfCFTA Collapse

The mandate of AUDA-NEPAD is to: a) Coordinate and Execute priority regional and continental projects to promote regional integration towards the accelerated realisation of Agenda 2063; and b) Strengthen capacity of African Union Member States and regional bodies, advance knowledge-based advisory support, undertake the full range of resource mobilisation and serve as the continent’s technical interface with all Africa’s development stakeholders and development partners.

AUDA-NEPAD Collapse

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

The AfDB Collapse

To stimulate a consistent expansion, diversification and development of African trade, while operating as a first class, profit-oriented, socially responsible financial institution and a center of excellence in African trade matters.

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The Eastern and Southern African Trade and Development Bank (TDB) is an African development finance institution, with investment-grade ratings and assets of USD 8.4bn. TDB serves 25 member states in its region, with the mandate to finance and foster trade, regional economic integration, and sustainable development, through trade finance and project and infrastructure finance.

The Bank provides bespoke bilateral and syndicated short and long-term financial solutions in numerous sectors to sovereign, financial institutions, and corporate clients, including SMEs, from the region.

Trade & Development Bank (TDB) Collapse

Africa50 was established by African governments and the African Development Bank to help bridge Africa’s infrastructure funding gap by facilitating project development, mobilizing public and private sector finance, and investing in infrastructure on the continent. Africa50 focuses on medium- to large-scale projects that have a significant development impact and that provide an appropriate risk-adjusted return to investors.

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AGF was established in 2011 by the Government of Denmark (represented by DANIDA), the Government of Spain (represented by AECID) and the African Development Bank (AFDB), with a mandate of facilitating access to finance for SMEs to enable them fully play their role of driving the growth of African economies. In 2015, four years after its founding, AGF concluded its first external growth operations with the acquisition of the Guarantee Fund for Private Investment in Africa (GARI Fund) for an amount of 35 million USD. At the end of this operation, the French Development Agency (AFD) became AGF’s fourth shareholder. In 2016, the Nordic Development Fund (NDF) became AGF’s fifth shareholder. Under the leadership of NDF, AGF launched a Green Guarantee Facility to unlock financing for SMEs that invest in or market low-carbon technologies.

African Guarantee Fund Collapse

A pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. With deep roots in Africa, we are best positioned to understand and assess the risks here – and help mitigate them.

With both a commercial and developmental mandate, we aim at improving Africa’s risk perception and attracting affordable investments in support of sovereign governments and the private sector.

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The West African Development Bank (BOAD) is the common development finance institution of the member countries of the West African Monetary Union (WAMU). It was established by an Agreement signed on 14 November 1973, and became operational in 1976. Member countries include Benin, Burkina, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo.

BOAD is an international public institution whose purpose, as provided under Article 2 of its Articles of Association, is to promote the balanced development of its member countries and foster economic integration within West Africa by financing priority development projects.

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The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group. Its mandate is to promote cross-border investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders.

Its guarantees protect investments against noncommercial risks and can help investors obtain access to funding sources with improved financial terms and conditions. The Agency derives its unique strength from the World Bank Group and from its structure as an international organization whose shareholders include most countries of the world. This enables us to provide an umbrella of deterrence against government actions that could disrupt projects, and assist in the resolution of disputes between investors and governments. We also add value through our ability to offer clients extensive knowledge of emerging markets and of international best practice in environmental and social management.

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African Partners For Development

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US Plans $55bn Investment In Africa, Keys Into AfCFTA

Export-Import Bank of the U.S. Signs $500M MOU with Tanzania

President Biden Announces the Inaugural Members of the President’s Advisory Council on African Diaspora Engagement in the United States

African Partners For Development

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