African Development Bank

African Development Bank

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Investment Firm

Overview

African Development Bank operates as a multilateral development finance institution in Africa. It finances development projects and programs in cooperation with other national and 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 the public sector and non-sovereign-guaranteed loans for the public and private sectors; lines of credit for trade finance; agency lines; guarantees such as partial credit and risk guarantees; equity and quasi-equity trade finance; and risk management products comprising interest rate swaps, currency swaps, commodity swaps, interest rate caps, and collars. In addition, it offers trade finance services consisting of risk participation agreements, trade finance lines of credit, and soft commodity finance facilities as well as technical assistance.

African Development Bank was founded in 1964 and is headquartered in Abidjan, Ivory Coast.

Highlights

Founded

1964

Industry

Financial Services

Employees

1001-5000

Investment

43

Lead Investment

36

Exits

6

Stages

Seed

Investor Type

Investment Bank

Location

Belvédère, Tunis, Tunisia, Africa

Contact Information

Social

Profile Resume

African Development Bank, established in 1964 and headquartered in Africa., specializes in Seed investments across Financial Services, Banking, Energy, Energy Management, Electrical Distribution, Emerging Markets, Clean Energy, Sustainability, Agriculture, Biomass Energy. The organization boasts a portfolio of 42 investments, with an average round size of $181.3M and 6 successful exits. Their recent investments include Chase Bank Kenya, Eskom Holdings, Mandulis Energy, Transnet SOC Ltd, InfraCredit. The highest investment round they participated in was $373.4B. Among their most notable exits are Chase Bank Kenya and Eskom Holdings. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Solomon Asamoah

Solomon Asamoah

Vice President Infrastructure, Private Sector and Regional Integration

imagePlace Joe Lemaron

Joe Lemaron

Leadership and Governance Fellow

imagePlace Akinwumi Ayodeji Adesina

Akinwumi Ayodeji Adesina

President & CEO

imagePlace Racquel Micenheimer Wilson

Racquel Micenheimer Wilson

Consultant, Communication and External Relations Department

imagePlace Nicholas Williams

Nicholas Williams

Head, ICT Division

imagePlace Pierre Guislain

Pierre Guislain

Vice-President, Private Sector, Infrastructure and Industrialization

Investment portfolio

African Development Bank has made 43 investments. Their most recent investment was on Jul 18, 2024, when Transnet SOC Ltd raised $1032.9M.

investments

43

Diversity investments

0

Lead investments

36

Number of exits

6

Investments

43

Annouced DateOrganization NameIndustryMoney Raised
May 15, 2024
First Capital Bank First Capital Bank
Financial Services7.5M
Jun 06, 2024--94.0M
Jun 14, 2024
InfraCredit InfraCredit
Financial Services15.0M
Jul 18, 2024
Transnet SOC Ltd Transnet SOC Ltd
Logistics1032.9M

Exits

6

Funding Timeline

Funding rounds

43

Investors

5

Funds

3

Funding Rounds

43

African Development Bank has raised 43 rounds. Their latest funding was raised on Jul 18, 2024 from a Debt Financing - Transnet SOC Ltd round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
May 15, 2024
Debt Financing - First Capital Bank Debt Financing - First Capital Bank
-7.5M-
Jun 06, 2024
Debt Financing - Prime Meridian Docks Ghana Debt Financing - Prime Meridian Docks Ghana
-94.0M-
Jun 14, 2024
Debt Financing - InfraCredit Debt Financing - InfraCredit
-15.0M-
Jul 18, 2024
Debt Financing - Transnet SOC Ltd Debt Financing - Transnet SOC Ltd
-1032.9M-

Investors

6

African Development Bank is funded by 6 investor(s). Government of Chad and Japan International Cooperation Agency Kantor are the most recent investors.

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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