Core Members

African Development Bank Group (AfDB)

The African Development Bank (AfDB) Group is Africa’s premier development finance institution with a mandate to spur sustainable economic development and social progress in the continent, thereby contributing to poverty reduction. The Bank Group achieves this objective by mobilising and allocating resources for investment into the continent, and providing policy advice and technical assistance to support development efforts. The African Development Bank’s authorised capital of around USD 208 billion is subscribed to by 81 member countries made up of 54 African countries and 27 non-African countries.

European Bank for Reconstruction and Development (EBRD)

The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank was created in April 1991 and since then its investments reached over €160 billion in more than 6,000 projects across three continents.

The Bank is owned by 71 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated.

European Development Finance Institutions (EDFI)

EDFI member institutions are focused on the development of private sector enterprises and operate in developing countries and emerging economies. They are mandated by their governments to contribute to the SDGs by creating jobs, boosting growth, fighting poverty and climate change. Although EDFI members have slightly different mandates and strategies, they are guided by a common ambition: “To improve people’s lives – for current and future generations – in countries where the need is the strongest, through the engine of private sector growth.”

European Investment Bank (EIB)

The European Investment Bank (“EIB”) Group is the lending arm of the European Union. EIB Global is the EIB Group’s new specialised arm dedicated to increasing the impact of international partnerships and development finance. EIB Global is designed to foster strong, focused partnership within Team Europe, alongside fellow development finance institutions, and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices across the world.

French Treasury

The Directorate General of the Treasury is one of the main Directorates General of the French Ministry of the Economy, Finance and the Recovery, in charge of advising the French Government on domestic and international economic, commercial and financial policy.

International Finance Corporation (IFC)

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic.


Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It has been promoting sustainable economic, social and environmental development practices for over 40 years.

Associate Members


AfricInvest is an investment and financial services company that was founded in the early 1990s. Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on Africa, and employs more than 100 professionals in eleven offices.

AfricInvest raised US$2 billion across 21 funds, and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe.

Having co-founded the African Venture Capital Association (AVCA), as well as the Global Private Capital Association (GPCA), and the Euromed Capital Forum, the firm is an active promotor of the private equity industry in the region.

Since the beginning, AfricInvest has invested in more than 200 companies across 35 African countries in a variety of high growth sectors, and maintains a broad network of high-quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.

Arab Bank for Economic Development in Africa

The Arab Bank for Economic Development in Africa (BADEA) was established pursuant to the resolution of the 6th Arab Summit Conference at Algiers, on 28 November 1973. The Bank began operations in March 1975.

BADEA is a financial institution owned by eighteen Arab countries – members of the League of Arab States (LAS) – which signed its Establishing Agreement in 18th February 1974. The Bank is an independent International Institution, enjoying full international legal status and complete autonomy in administrative and financial matters. It is governed by the provisions of its Establishing Agreement and the principles of international law.

The Bank was created for the purpose of strengthening economic, financial and technical cooperation between the Arab and African regions and for the embodiment of Arab-African solidarity on foundations of equality and friendship. To achieve this end, the Bank was given a mandate to:

  • Participate in financing economic development in African countries.
  • Stimulate the contribution of Arab capital to African development.
  • Help provide the technical assistance required for the development of Africa.

Blue Like an Orange Sustainable Capital

Blue Like an Orange Sustainable Capital seeks opportunities to lend to companies and projects that deliver both strong risk-adjusted returns and positive social impact in support of the UN’s Sustainable Development Goals. It focuses primarily on sustainable infrastructure, technology-enabled services, social infrastructure, agriculture, and access to finance. The company strives for sustainable development outcomes to foster inclusive and sustainable growth without a trade-off with respect to market-level rates of financial returns. Blue Like an Orange Sustainable Capital’s Managing Partners are Bertrand Badré, Rashad Kaldany and Emmanuelle Yannakis.

Equity Bank

Equity Group Holdings PLC is a non-operating holding company with banking subsidiaries in Kenya, Rwanda, Tanzania, Uganda, South Sudan and Democratic Republic of Congo, a Commercial Representative Office in Ethiopia, and non-banking subsidiaries in Kenya that are engaged in providing investment banking and stock-broking, insurance, custodial services, payment services and telecommunication services. Equity Group Holdings PLC is listed at the Nairobi Securities Exchange and other regional exchanges with a market capitalization of US$1.02 billion.

France Invest

France Invest is a professional organisation bringing together nearly 400 French management companies and some 180 consulting firms. France Invest resolutely promotes their work in supporting unlisted companies and their central role in a vibrant economy. France Invest’s members enable institutional and private investors to support developing businesses or to finance infrastructure that improves the lives of French people.

As a forum for discussion, reflection and the promotion of best practices within the financial ecosystem, France Invest especially supports the initiatives of its members and those of the businesses they assist in favour of job creation and the transition to more sustainable and fairer growth.

West African Development Bank (BOAD)

The West African Development Bank (BOAD) is the common development finance institution of the member countries of the West African Monetary Union (WAMU). It was established by an Agreement signed on 14 November 1973, and became operational in 1976. Member countries include Benin, Burkina, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo.

By Treaty of the West African Economic and Monetary Union (WAEMU) signed on 10 January 1994 and entered into force on 1 August 1994, BOAD is a specialized and autonomous institution. It contributes “in full independence to the attainment of the objectives of the WAEMU without prejudice to the objectives assigned to it under the WAMU Treaty”.

BOAD is an international public institution whose purpose, as provided under Article 2 of its Articles of Association, is to promote the balanced development of its member countries and foster economic integration within West Africa by financing priority development projects.

West African Economic and Monetary Union

The West African Monetary and Economic Union (also known under the French acronym, UEMOA) was established with the Treaty signed in Dakar on 10 January 1994 by the Heads of State and Government of seven West African countries, using the CFA Franc in common.

  • The Member States are Benin, Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal and Togo.
  • The Treaty came into force on 1st August 1994, after ratification by the Member States.
  • On 2nd May 1997, Guinea Bissau became the 8th Member State of the Union.

UEMOA is represented by a logo that symbolizes growth, union, solidarity and complementarity between the Coastal and Sahel States.