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African Development Bank

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The African Development Bank (AfDB) Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. With this objective in mind, the institution aims at assisting African countries – individually and collectively - in their efforts to achieve sustainable economic development and social progress. Combating poverty is at the heart of the continent’s efforts to attain sustainable economic growth. To this end, the Bank seeks to stimulate and mobilize internal and external resources to promote investments as well as provide its regional member countries with technical and financial assistance.

Headquarters

Abidjan, Côte d'Ivoire

Founded in

1964

Company Size

Employees

investor type

Investment Bank

investment stage

Company Size

Employees

Sectors of focus

geographical focus

Team

FUNDING ROUNDS

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Farmerline Agriculture
Amount Undisclosed
Date Jun 17, 2019
Funding Round
Grant
investors
African Development Bank
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Pula Agriculture
Amount $1,000,000
Date Mar 8, 2021
Funding Round
Grant
investors
African Development Bank
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M-Kopa Energy & Resources
Amount $300,000
Date Mar 8, 2021
Funding Round
Grant
investors
African Development Bank
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Pine Kazi E-commerce
Amount $2,000,000
Date Mar 30, 2021
Funding Round
Grant
investors
African Development Bank
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Kouncel Education
Amount $1,200,000
Date Mar 1, 2022
Funding Round
Pre-Seed
investors
Zaldi Capital, African Development Bank, Academy for Scientific Research and Technology

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