The African Development Bank Group, founded in 1964, comprises the African Development Bank, the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).
The AfDB Group’s mission is to help reduce poverty in Africa, improve living conditions, and mobilize resources for the continent’s economic and social development. With this objective, the institution aims at assisting African countries, individually and collectively, in their efforts to achieve sustainable economic development and social progress. The group seeks to stimulate and mobilize internal and external resources to promote investment as well as provide its regional member countries with technical and financial assistance.
The group has 53 African member countries and 24 non-African member countries. Its headquarters are in Abidjan, Côte d’Ivoire, though since early 2003 it has operated from a temporary location in Tunis, Tunisia.
The AfDB Group is a major source of funding for MCIT, supporting various MCIT projects in the Nile Basin states and across Africa.