African Association of Development Finance Institutions (AAFDI)


AADFI - 1975

In a March 1975 meeting in Abidjan the decision was taken by the African Development Bank (AfDB) to create AADFI, the African Association of Development Finance Institutions, by designating George Aithnard of Togo, one of AfDB's senior officials as secretary general of AADFI and providing him with office space and a small staff in the building of the African Development Bank. It was in May 1975 in Dakar that its first General Assembly was held. The first president was August Daubrey of the Ivory Coast. Since then, AADFI has had seven secretaries general as shown at the end of the text, with Magatte Wade from Senegal holding this position currently in 2000.

The main activities of AADFI are the provision of information and training in the techniques of banking and finance, as well as policy advice, to African bankers and finance officers. AADFI has a data-bank on its members, consultants, projects and emerging markets in Africa. It publishes a directory of financial institutions in Africa, an annual report of activities, and twice a year a finance and development review. As of May 2008, AADFI had 73 members in 43 countries.  The AADFI website is: http://www.aadfi.org/