The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

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.

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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.

North Africa 2016 annual report



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