African Development Bank & India
The 52nd Annual Meeting

African Development Bank & India
AfDBIndia
Subscribed Capital: $600 Million⚫ Joined in 1984
% of Total Shares: 0.3%
⚫ Non-concessional loan to the middle- (The 54th out of
income countries and the private sector 81 members)

ADF⚫ Joined in 1982
⚫ Concessional funding to the least
developed African countries

Nigeria
9.1% USA
6.4%
Egypt
5.9%

Others73%% of total sharesby country as of December 2020

India-Africa Project Partnership

India
0.3％Japan
5.3%⚫ Held in Ahmedabad, India from May 22 to 26, 2017⚫ Among the High5s priorities of AfDB, the Bank’s leadership in transforming agriculture for wealthcreation in Africa was endorsed and Bank’s role in “New Deal for Energy in Africa,” which
provides energy access to over 645 million people
in Africa by 2025 was applauded.
⚫ “Africa-India trade has multiplied in the lastfifteen years. It has doubled in the last fiveyears” stated by Narendra Modi, Prime Ministerof India

India Africa Economic
Cooperation Fund（INAFEC)⚫ The AfDB has had trust fundswith India since 1998. The
Trust Fund was replenished inMay 2015 for a total amountof INR 600 million (US$9.5million). Prior to this, India
had provided USD 6 million ingrants.

⚫ The meeting is so-called “Conclave” has been held by CII with Exim
Bank of India and with the support of the Ministry of External Affairs
and Commerce & Industry, Government of India since 2005.
⚫ The Asia External Representation Office (SNAR) has supported theConclave annually from 2014.
Indo-Africa Summit⚫ The Indo-Africa Summit was organized by the IMC (IndianMerchants' Chamber) Chamber of Commerce and Industry and ABN(Africa Business News) and explored bilateral economic and business
opportunities between Sub Sahara Africa and India.
African Development Bank Asia External Representation Office (SNAR)⚫ Through the Fund, India
shares expertise in
implementing public-private
partnerships with Africa.
⚫ Other priority areas include, technicalassistance in infrastructure and railway
development; ICT; science, technology andnon-conventional energy; and knowledge
sharing of India’s development experience.

Address: Kasumigaseki Building 24F, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo, 100-6024, Japan

Shapoorji Pallonji Solar PV Project /International Solar Alliance (ISA)⚫ In 2017, the AfDB approved the senior loans for a total amount of
US$ 19 million to finance Shapoorji Pallonji Solar PV Project underthe 2nd Round of the Feed-in-Tariff (FiT) Program in Egypt. Shapoorji
Pallonji Energy Egypt (SPEE) is the IPP benefiting from the loans for atenor of eighteen years. The loan also includes a US$7-million
concessional financing from the Global Environment Fund (GEF).
⚫ The IPP is part of the Shapporji Pallonji Group (SP Group) one of theoldest construction companies in India, established in 1865.
⚫ The International Solar Alliance (ISA) initiative was launched at theUN Climate Change Conference in 2015 by Prime Minister Narendra
Modi and the then French President, Francois Hollande. The ISA is acollaborative platform and a coalition of solar resource developed
countries designed to address their special energy needs through acommon and agreed approach. ISA and MDBs, including the AfDB,
signed Joint Financial Partnership Declarations in March 2018.
⚫ AfDB and ISA will support technical assistance and knowledgetransfer for solar development and deployment in sun-shine rich
African countries, develop finance instruments for off-grid solar
projects. It will support the AfDB’s “Desert to Power” solar initiative.

TEL: +81 3 4589 8721

Email: tokyo.info@afdb.org

Website: www.afdb.org(Published in December 2021)