TVETipedia Glossary

The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries that are the institution’s Regional Member Countries (RMCs). The AfDB was founded following an agreement signed by member states on August 14, 1963, in Khartoum, Sudan, which became effective on September 10, 1964. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). As the premier development finance institution on the continent, the AfDB’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. The AfDB headquarters is officially in Abidjan, Côte d’Ivoire.

Some examples of AfDB's projects on TVET:

• "The Jobs for Youth in Malawi project implemented between 2017 and 2022 has helped develop an entrepreneurial culture among young people, from primary school to university according to the project completion report released by the bank on 24 January 2023." (Source: Jobs for youth in Malawi project accessed 02/2023)
• "The Government of Angola has received financing from the African Development Bank hereinafter called the Bank toward the cost of the Cabinda Province Agriculture Value Chains Development Project and intends to apply part of the proceeds toward payments under the contracts for Construction of Vocational Training Schools in Cabinda Province (Cabinda, Cacongo, Buco-Zau and Belize)." (Source: Cabinda Province Agriculture Value Chains Development Project accessed 02/2023)
• "Kenya Technical and Vocational Education Training and Entrepreneurship Project", accessed 02/2023