Private Sector Development: An engine for Inclusive & Sustainable Growth
The private sector development is widely recognized by the international community as an engine of sustainable and inclusive economic growth. The African Development Bank (AfDB), the premier financial development institution in the continent, identifies private sector development as one of its fundamental areas of focus to reduce poverty and support sustainable growth in Africa.
The implementation of the Bank's vision for the development of this sector uses a number of approaches, including: improving the business environment, support for private companies, strengthening institutions and financial systems, the promotion of regional integration and trade, and the creation of a demonstrative effect that attract resources from other donors.
The Bank continues to make significant investments to stimulate private sector growth in Africa. To this end, it has at its disposal a number of financial instruments of different risk classes, ranging from senior secured debt to direct equity, including quasi equity instruments. While the Bank holds some direct equity positions in financial institutions, the majority of the equity investments are channeled through private equity funds.
Did you know?
Bank’s New Private Sector Department supports transactions and therefore to the delivery of the High 5 Priority areas.
Focal Point for Bank’s Hi5 Private Sector Activities:
- 13/10/2017 - “Betting on Africa to Feed the World”: Adesina, 2017 World Food Prize Laureate, to deliver Norman Borlaug Lecture on World Food Day
- 12/10/2017 - Event Financing Private Sector Development- What works, what does not and why?
- 12/10/2017 - African Development Fund Board approves US$ 141 million credit risk participations under Private Sector Credit Enhancement Facility