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Overview of North Africa
North African countries hold an important place in the Bank Group's history: all were present in Khartoum (Sudan), when newly independent African countries gathered to discuss the creation of a premier financial institution for Africans, by Africans. All signed the Agreement establishing the Bank in 1964, and all, with the exception of Libya, subscribed to the Bank's capital stock, contributing upwards of USD80 million (or about 40%) in funds so that operations could begin in 1967.
Did you know?
As of December 2015, the Bank Group’s portfolio in North Africa comprised over 124 approved and ongoing operations, with a total net commitment value of USD 6.26 billion, displaying the importance of the portfolio.
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Regional Development, Integration and Business Delivery Office (RDIB)
Director General, Mr. Mohamed El Azizi
African Development Bank Group
Avenue du Dollar, Les Berges Du Lac II, Tunis 1053, Tunisia
Tel: (+216) 71102953
Fax: (+216) 71194523