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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
1964
Financial Services
1001-5000
43
36
6
Seed
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
Investment portfolio
43
0
36
6
Investments
43
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
May 15, 2024 | First Capital Bank | Financial Services | 7.5M |
Jun 06, 2024 | - | - | 94.0M |
Jun 14, 2024 | InfraCredit | Financial Services | 15.0M |
Jul 18, 2024 | Transnet SOC Ltd | Logistics | 1032.9M |
Exits
6
Funding Timeline
43
5
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 Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
May 15, 2024 | Debt Financing - First Capital Bank | - | 7.5M | - |
Jun 06, 2024 | Debt Financing - Prime Meridian Docks Ghana | - | 94.0M | - |
Jun 14, 2024 | Debt Financing - InfraCredit | - | 15.0M | - |
Jul 18, 2024 | 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.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
UN Women Care Accelerator | Yes | Funding Round - African Development Bank | 4.0M |
- | Yes | Grant - African Development Bank | 15.0M |
Japan International Cooperation Agency | Yes | Debt Financing - African Development Bank | 328.3M |
Government of Chad | Yes | Grant - African Development Bank | 650.0K |
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 Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
News
Aug 15, 2024
Tech Moran - KawiSafi raises $10 milion from the African Development Bank
News
Aug 09, 2024
PRLog - CE Shreekant Patil Appointed as Vice President of IBSEA for Maharashtra State
Funding Round
Jul 18, 2024
Transnet SOC Ltd raised $1032885258 on 2024-07-18 in Debt Financing
News
Jul 08, 2024
IT News Africa - New Director of Statistics Named at African Development Bank
News
Jun 24, 2024
Reuters - AfDB aims to boost infrastructure funding as African growth accelerates
News
Jun 24, 2024
Business Insider Africa - Africa remains second fastest growing region globally with 41 countries' growth surge