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
The Bank’s private sector interventions in 2016, which emphasized co-financing, syndication, and strategic partnerships with the private sector—have strengthened its capacity to leverage and crowd-in third- party investors. These interventions lifted the ratio of private co-financing to Bank financing to 6:1, against the target of 5:1, which augurs well for the Bank’s future engagement with the private sector.
Each dollar of Bank investment in private sector development leveraged six dollars of third party co-financing.
Projects in the finance sector accounted for the largest share of approvals (73.5 percent), followed by energy (8.8 percent), transport (6.1 percent) and agriculture (5.7 percent). Multisector operations and those in the social sector each accounted for less than 5 percent of private sector approvals.
During 2016, total Bank approvals for private sector operations amounted To USD $ 2.71 billion, 24 percent higher than in 2015
Private sector operations contribute not just to Industrialize Africa but to the other High 5s priorities as well: